The OECD suggests PISA outcomes be improved

TEACHERS' LOUNGE

"This report uses recent economic modelling to relate cognitive skills – as measured by PISA and other
international instruments – to economic growth."

"The High Cost of Low Educational Performance
THE LONG-RUN ECONOMIC IMPACT
OF IMPROVING PISA OUTCOMES"

The OECD report ^^^ states that improving "the labour force skills"

may have "large impacts on future well-being"...

Table of contents

Foreword

Executive summary

Introduction

The effect of education on economic growth

• Empirical growth analyses using school attainment

  data

• Empirical growth analyses considering cognitive skills

• Measuring cognitive skills

• Basic facts of cognitive skills and economic growth

• Evidence on causality

The economic costs of low educational achievement

• Simulation approach

• Scenario I : Increase average performance by 25 PISA

  points

• Scenario II : Bring each country to the average level of

  Finland

• Scenario III : Bring everyone up to a minimum skill level

  of 400 PISA points

Policy conclusions

References

Notes

Annex A: Deriving a combined historical measure of

cognitive skills

Annex B: Underlying cross-country growth regressions

Annex C: Projection of the economic value of education

reforms

Notes to Annexes