This week's guest on the Director’s Cut of ‘The Sound of Economics’, Annamaria Lusardi, raises the urgent need to adopt policies that seek to improve people’s understanding of financial concepts and risks, in conversation with Bruegel deputy director Maria Demertzis.
Financial literacy is financial education, such as basic economics, statistics and numeracy skills combined with the ability to employ these skills in making financial decisions. As more and more households are asked to make their own decisions about such issues, financial illiteracy can become a serious threat to their life-time welfare. The authors of this paper explain why financial literacy matters and suggest, in light of their findings, some policy recommendations.
In this blog post, we look at the impact of Brexit on UK’s education and research and development sectors in terms of students and staff, as well as funding.
Money has not held up educational advancement in Delhi or in India more generally. Delhi’s education budget has risen steadily. And the worry is that the increased budget will once again be hijacked by glamorous but wasteful projects, including in higher education.
On the 13th January 2014, Bruegel hosted an event to discuss the issue of youth unemployment in Europe. During the event, McKinsey & Co’s Mona Mourshed presented their latest report, “Getting Europe’s youth into work.” The event was introduced by Androulla Vassiliou, European Commissioner for Education, Culture, Multilingualism, and Youth. The discussion included remarks by […]
Intra-EU migration increased before the crisis, especially into booming countries like Ireland and Spain. What happened during the crisis?
What’s at stake: The global youth unemployment rate, which was already high before the start of the Great Recession, has reached skyrocketing levels in the past two years. While youth unemployment rates have increased in almost all countries, there has been wide divergence in the size of this increase – often reflecting the country specific aspects of the transition from school to work. For most, if not all, a serious discussion about the potential “scarring effects” induced by such a situation appears, however, warranted if we want to avoid having one generation permanently bear the burden of this crisis.
Since the introduction of the Shanghai ranking of the world‘s universities it has been clear that European universities are underperforming. This blueprint discusses the potential explanations and points at different reform priorities for higher education in Europe.
Based on a survey of European universities, this policy brief states that despite the good performance of some countries, Europe as a whole trails the US by a wide margin. The reason is two-fold. First, Europe invests too little in higher education. Second, European universities suffer from poor governance, insufficient autonomy and often perverse incentives. […]
According to Jean Pisani-Ferry, underinvestment in human capital leads to a slow but inexorable erosion of Europe’s prosperity. A trend that could be efficiently addressed and reversed by developing and upgrading education systems and by devising a skilled migration policy, wouldn’t it be for a lacking sense of urgency. Click here to download this […]