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Abstract:

CEP Insights
Education
Sandra McNally
July 2021
Paper No' :


Tags: education; schools

Education improves people's lives: a good education is a step towards a good job; it raises incomes and boosts productivity; it enables people to fulfil their potential; and it is linked with better health and happiness. Governments invest heavily to reap the benefits of education - but what should the money be spent on? Economists investigate how education affects individuals and the society in which they live.

The Insights series is an introduction to the work of the Centre for Economic Performance. While the centre's roots are in labour economics, it has been an interdisciplinary research centre, since it was set up in 1990. Each Insight explains how economists go about investigating the big questions in each topic, the contribution CEP researchers have made to both academic understanding and policy-making - and the questions that are still to be answered.