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While South Africa has made significant improvements in basic and tertiary education enrollment, the country still suffers from significant challenges in the quality of educational achievement by almost any international metric. The paper finds that money is clearly not the main issue since the...
Persistent link: https://www.econbiz.de/10012009451
general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …
Persistent link: https://www.econbiz.de/10014404019
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the Flesch-Kincaid grade level, a standard readability...
Persistent link: https://www.econbiz.de/10014411635
Persistent link: https://www.econbiz.de/10010441876
This paper examines the economic effects of policies to contain Covid-19, by extracting lessons from Sweden …'s experience during the 'Great Lockdown'. Sweden's approach was less stringent and based more on social responsibility than legal … obligations compared to European peers. First, we provide an account of Sweden's strategy and the health outcomes. Second, drawing …
Persistent link: https://www.econbiz.de/10012302076
This paper, using Moldova as an example, presents a systematic approach to assess the efficiency and equity of public education spending, identify sources of inefficiencies and inequality, and formulate potential reform options. The analytical framework combines international benchmarking with...
Persistent link: https://www.econbiz.de/10012009431
This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of full-day child care and full-day schooling, and...
Persistent link: https://www.econbiz.de/10011711350
Enhancing the efficiency of education and health spending is a key policy challenge in G7 countries. The paper assesses this efficiency and seeks to establish a link between differences in efficiency across countries and policy and institutional factors. The findings suggest that reforms aimed...
Persistent link: https://www.econbiz.de/10014400210
Insufficient resources and inadequate public expenditure management often prevent governments in low-income countries from providing quality basic education free of charge. User payments by parents are an alternative means of financing basic education. This paper assesses how user payments...
Persistent link: https://www.econbiz.de/10014401607
We discuss existing shortfalls and inequalities in the accumulation of human capital-knowledge, skills, and health. We analyze their immediate and systemic causes, and assess the scope for public intervention. The broad policy goals should be to improve: the quality, and not just the quantity,...
Persistent link: https://www.econbiz.de/10012518777