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Parents’ awareness of the importance of education greatly influences decision-making on educational extensions for children. Because more and more parents are aware of the importance of education in supporting the survival of children in the future, parents will be more aware of expanding education to a higher level for the benefit of the children, the environment, and the future. The objective of this study is to identify the factors that influence parents’ awareness in investment decision-making for children’s education. To address this issue, we use Cooper’s approach combined with the prism method, which offers a methodological framework and reporting procedure for the current review. Six main factors have emerged to answer the objective of this study, namely out-of-pocket expenses, forgone earnings, returns on investment, educational design, educational process, quality of education, and competitiveness. These findings show that decision-making for education transfers is not only seen from the side of government policy but also from the family side, illustrating the need for continuous synergy between the government policy and parents’ awareness of it, so that the improvement of superior human resources through education continues optimally.

The rate of return on education can measure the size of the return on investment in education, which is an important research area related to national development. The purpose of this paper is to analyze and discuss the relationship between education, regional economic development, and related influence variables using a multilayer linear model. CGSS data of 31 provinces and cities in 2021 are chosen as the empirical analysis data, which are divided into east, middle, and west regions according to geographic location, and the differences in industrial development of the three major regions are measured in terms of upgrading of industrial structure, seniorization, rationalization, urbanization, investment in education, and technological development. Create a model to evaluate the impact of industrial structure upgrading on education investment return in each region. Separately, the slope prediction model includes education variables and regional economic development variables to examine the predictive impact of regional economic growth on the return on education investment. The coefficient of the cross-level interaction term between years of education and regional economic development has a value of 0.07829, and it passes the 1% statistical significance test with a significant cross-level interaction effect. It indicates that the higher the degree of regional economic development, the greater the role of educational human capital in promoting residents’ income, i.e., the rise in the degree of regional economic development will significantly increase the return on investment in education.

There is growing interest, worldwide, in the link between education systems and the production of skills that are valued in the labor market. With growth stagnating and unemployment soaring in much of the world, educators are being asked to focus more on producing skills that feed into labor productivity and support the sustainable growth of employment and incomes. This timely volume contributes important new findings on the dynamics of education systems and labor market outcomes in Latin America and the Caribbean (LAC). It analyzes an important recent shift in labor market trends in LAC: the first decade of the 21st century has witnessed a marked decline in the earnings premia for university and secondary education. This, in turn, is contributing to reduced income inequality across the region. The recent trend contrasts with the sharp rise in tertiary earnings premia that was observed in the 1990s and that helped to reinforce high levels of income inequality in the region at that time. The authors recommend that, having achieved very large increases in secondary and tertiary enrollment, the region should now focus on improving the quality of its education systems and the pertinence of education curricula for the needs of the labor market. At age 15, the learning achievement of the average Latin American student still lags two years behind his or her Organization for Economic Co-operation and Development (OECD) contemporary. The study opens up an important agenda for future research. While the evidence presented on the trends in education earnings premia is clear, the conclusions about the causes and significance of those trends are largely based on suggestive evidence for a limited number of countries, and are not definitive because of data limitations. The findings call for further in-depth analysis of the nature of skill mismatches, to inform policies that can strengthen the region's future economic growth by enhancing the productivity and earnings potential of the workforce.

One of the main concerns regarding innovation lies in knowing and understanding how this phenomenon occurs. Many countries are basing their aspirations for progress on innovation, placing it at the heart of their growth strategies. In response to this need, this study proposes to analyse the combined effects of five conditions that can lead to a country's innovation. Using a sample of 51 countries and fuzzy-set qualitative comparative analysis (fsQCA), this study aims to find out whether a country's long-term orientation, its public expenditure on education, its democracy level, the inflows of foreign direct investment (FDI), and its entrepreneurial activity can lead independently or in combination to the presence of innovation. The results show that the democracy level and the long-term orientation of a country are key conditions to lead to a country's innovation. Conversely, the inflows of FDI and the public expenditure on education seem to play a secondary role to lead to a country's innovation. Besides, the entrepreneurial activity of a country and its innovative activity seem to behave in the opposite direction. The results are intended to help governments, businesses, and investors make decisions capable of generating greater value at all levels.

Over the last few years, China has maintained rapid economic growth globally. China has initiated various investments and improved higher education to tackle climate change issues and ensure a green environment. This study examines the influence of economic growth, higher education graduates, household consumption expenditures, industrial pollution prevention investment, and energy industry investment. Covering the period from 2000 to 2017, this study investigated a panel of 30 Chinese provinces. The data under study follows an irregular pattern, and all the variables are cointegrated; therefore, this study employed the novel method of moment quantile regression. Empirical findings suggest that economic growth and investment in the energy industry are the significant contributors to carbon emission in all the quantiles Q 0.25 , Q 0.50, and Q 0.75 . However, higher education graduates, household consumption expenditures, and investment in industrial pollution prevention negatively and significantly affect carbon emissions and promote environmental sustainability. The Granger causality test reveals a bidirectional causal association between carbon emissions and the explanatory variables. Based on the empirical findings, this study suggests investment in environmental recovery plans, adopting renewable energy sources, improving the level of higher education by more investments for higher education graduates, environmental education, and increased investment in pollution prevention industries.

This study uses a computable general equilibrium (CGE) model to analyze the impact of skilled and semi-skilled labor supply shocks on the Ethiopian economy and sectoral outputs. The study examines three policy scenarios: a 10% increase, a 15% increase, and a 20% increase in skilled and semi-skilled labor supply compared to a business-as-usual (BAU) scenario. The findings show that all three scenarios contribute to higher economic growth, investment, and exports. The impact on sectoral outputs is also significant, with the industry and services sectors performing better than the agriculture sector. In the 20% increase scenario, the real annual gross domestic product (GDP) growth rate is projected to be 0.79 percentage points higher than the business-as-usual scenario. Additionally, the annual growth rates of investments and exports are expected to be 2.69 and 2.31 percentage points higher, respectively, compared to their business-as-usual scenario counterparts. The agriculture sector experiences a slight increase of 0.16 percentage points in annual production compared to the business-as-usual scenario. Output in the industry sector also sees a rise of 1.61 percentage points higher than the business-as-usual scenario, while outputs in the services sector improve significantly. Overall, the study highlights the positive impact of increasing the supply of skilled and semi-skilled labor on the economy. This is mainly due to the higher productivity of skilled and semi-skilled workers, which contributes to increased economic growth. The findings suggest that governments should implement policies to enhance the supply of skilled and semi-skilled labor, such as investing in education and training programs. These measures would promote economic growth and improve living standards.

This paper shows labor market returns to investment in education as an essential component of the knowledge economy taking into account the quality of governance of the Organisation for Economic Co-operation and Development countries. Using panel data models, we found strong support for such a tradeoff, especially for tertiary education. The empirical results suggest that returns of education expenditure improve the labor market outcomes only to the extent that the quality of the institutions in the countries is sufficiently high. This implies that the level of governance quality affects education spending, which determines their effect on the unemployment rate.

Contents: The conceptual framework -- Educational outcomes and their impact on labor market outcomes -- Employment outcomes and links to the broader economic context -- Conclusion : how education can improve labor market outcomes.

Investment disparity in the education of persons with disabilities may be larger on the part of parents, in part resulting from predicted lower returns to the investment due to mistaken beliefs about their capabilities, or actual lower returns due to barriers in the labor market. Using a nationally representative dataset from Bangladesh and utilizing the framework of the Engel curve, we investigate intrahousehold investment decisions in education between children with and without disabilities. The results of the hurdle model show the existence of disability bias in enrollment decisions, whereas individual-level analysis suggests that bias exists on educational expenditure after children with disabilities enroll in school. Additionally, though we observe a lower level of bargaining power among household heads on educational investments for their children with disabilities, interaction effects suggest the importance of greater income stability and maternal education status being instrumental to improving the education of persons with disabilities.

Since the early 1990s, countries in the Middle East and North Africa (MENA) Region have made admirable progress in reducing the gap between girls and boys in areas such as access to education and health care. Indeed, almost all young girls in the Region attend school, and more women than men are enrolled in university. Over the past two decades, maternal mortality declined 60 percent, the largest decrease in the world. Women in MENA are more educated than ever before. It is not only in the protest squares that have seen women whose aspirations are changing rapidly but increasingly unmet. The worldwide average for the participation of women in the workforce is approximately 50 percent. In MENA, their participation is half that at 25 percent. Facing popular pressure to be more open and inclusive, some governments in the region are considering and implementing electoral and constitutional reforms to deepen democracy. These reforms present an opportunity to enhance economic, social, and political inclusion for all, including women, who make up half the population. However, the outlook remains uncertain. Finally, there are limited private sector and entrepreneurial prospects not only for jobs but also for those women who aspire to create and run a business. These constraints present multiple challenges for reform. Each country in MENA will, of course, confront these constraints in different contexts. However, inherent in many of these challenges are rich opportunities as reforms unleash new economic actors. For the private sector, the challenge is to create more jobs for young women and men. The World Bank has been pursuing an exciting pilot program in Jordan to assist young women graduates in preparing to face the work environment.