Session 3A: Equity Based Education: Economic Cost and Impact on Investment
Scope: Investing in human capital is critical, both for individuals and for society as a whole. A large body of literature has shown various degrees of economic and social returns on providing children with basic education; some studies indicate that disadvantaged groups, for example girls, experience higher average rates of return to schooling, and returns are higher in low-income countries. However, there are still major disparities in the distribution of public education spending, which further disadvantages children from poor households (see e.g. UNICEF 2020). This session will explore how educating disadvantaged children will contribute to economic and social development and how equitable investment can drive change for addressing the learning crisis.