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CentrePiece article
Educational efficiency: value for money in public spending on schools
Peter Dolton, Oscar Marcenaro Gutierrez and Adam Still
January 2015
Paper No' CEPCP441:
Full Paper (pdf)

CentrePiece 19 (3) Winter 2015

Tags: education; policy; funding; quality measures; educational efficiency

Which national education systems deliver the best value for money? Peter Dolton and colleagues rank 30 of the world’s richest countries based on their expenditure on teacher costs (which account for 80% of education budgets) and the pupil outcomes they achieve. Finland, South Korea and the Czech Republic come out top of the list.