Article in Journal
Economic follow-up costs of inadequate education: a macroeconomic projection
Marc Piopiunik, Ludger Wößmann
ifo Institut für Wirtschaftsforschung, München, 2010
ifo Schnelldienst, 2010, 63, Nr. 04, 24-30
ifo Institut für Wirtschaftsforschung, München, 2010
ifo Schnelldienst, 2010, 63, Nr. 04, 24-30
![](https://www.ifo.de/DocImg/ifosd_2010_4_2.jpg?c=1689236842)
According to the PISA studies, approximately 20 percent of all 15-year-olds in Germany are poorly educated "risk pupils". In a study of the Ifo Institute, commissioned by the Bertelsmann Foundation, the economic costs that result from this situation are calculated. The follow-up costs of inadequate education amount to approximately 2.8 trillion euros over the lifespan of children born today - more than total German GDP of 2.5 trillion euros. The tremendous scale of this projection underscores the urgency of reforming the German education system.
JEL Classification: I200
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Journal (Complete Issue)
ifo Schnelldienst 4/2010
ifo Institut für Wirtschaftsforschung, München, 2010