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What is the Impact of the Economic Crisis on Public Education Spending?

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Abstract

The aftermath of the 2008 financial crisis has meant a significant number of countries have cut public spending on education. Despite GDP rising in most OECD countries between 2009 and 2010, public expenditure on educational institutions fell in one-third of them. Teachers’ salaries were either frozen or cut between 2009 and 2011 in 12 out of the 25 OECD countries with data available. This may discourage the highest-performing students from joining the teaching profession. Demand for education and training is increasing even as austerity continues to put pressure on the resources allocated to education. Educational institutions will have to do more with less in the coming years.

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  • Oecd, 2013. "What is the Impact of the Economic Crisis on Public Education Spending?," Education Indicators in Focus 18, OECD Publishing.
    • Handle: RePEc:oec:eduaaf:18-en
    DOI: 10.1787/5jzbb2sprz20-en
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    Cited by:

    1. M. Azhar Hussain & Nikolaj Siersbæk & Lars Peter Østerdal, 2020. "Multidimensional welfare comparisons of EU member states before, during, and after the financial crisis: a dominance approach," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 55(4), pages 645-686, December.
    2. Simona Ghita, 2014. "Analysis Of The Effect Of Global Financial Crisis On Educational Patterns In European Countries. Study On Eu-28 Countries," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 322-328, May.

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