251. Financing Lifelong Learning for All: An International Perspective. Working Paper No. 46
- Author
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Monash University, Centre for the Economics of Education and Training and Burke, Gerald
- Abstract
Improvements in lifelong learning are necessary for a range of overlapping reasons, including changing needs of the labour force in a globalised economy, the aging of the population in high-income countries and inequalities in education, work and income. Increased lifelong learning, for all, is important for productivity, but also to support social cohesion which in the longer term may underpin productivity. The paper draws on recent international discussions to consider: (1) Existing unmet needs and emerging needs for education and training; (2) Funds required compared with what is provided; and (3) How the additional funds can be found (freeing funds through efficiencies or reallocation in the provision of education and training and new forms and places of learning; stimulating employers to enhance learning in the workplace and the provision of education and training through increasing the benefits and reducing the costs or mandating employer provision of education and training; stimulating increased individual expenditure by improving access to funds and by increasing the benefits and reducing the costs; and increasing government spending). The need for additional funding varies among rich countries and between rich and poor countries. The possibilities for implementing various forms of funding also vary with the prevailing political and economic structures. The paper highlights some of the issues with reference to the experience of Australia, a rich country with low public expenditure. (Contains 2 boxes and 6 tables.)
- Published
- 2002