Cutting education expenditure
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by Dirk Van Damme
Head of the Innovation and Measuring Progress division, Directorate for Education and Skills
Education systems, for the greatest part funded by the public purse, have a symbiotic relationship with economic tides: they blossom in booming years, they suffer in recessions. Educational needs however behave exactly in the opposite way: they expand when the economy shrinks. The recent recession, probably the biggest many of us have seen in our lifetimes, again provides ample evidence for this. And the relationship is now even more pronounced than ever before. Education and skills have moved into the centre of economic life, as economies become increasingly knowledge- and skills-based. Unemployment clearly separates the educational haves and have-nots, with the unskilled paying the price for the recession. As a result, people want to invest more in education, stay longer in schools, and postpone their entry into the labour market, because work doesn’t offer much of an altern…
Head of the Innovation and Measuring Progress division, Directorate for Education and Skills
Education systems, for the greatest part funded by the public purse, have a symbiotic relationship with economic tides: they blossom in booming years, they suffer in recessions. Educational needs however behave exactly in the opposite way: they expand when the economy shrinks. The recent recession, probably the biggest many of us have seen in our lifetimes, again provides ample evidence for this. And the relationship is now even more pronounced than ever before. Education and skills have moved into the centre of economic life, as economies become increasingly knowledge- and skills-based. Unemployment clearly separates the educational haves and have-nots, with the unskilled paying the price for the recession. As a result, people want to invest more in education, stay longer in schools, and postpone their entry into the labour market, because work doesn’t offer much of an altern…