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Spending on education

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Spending on education as a proportion of net national income (NNI) gives a measure of how much money is invested in human capital (it excludes consideration parental time inputs or on‐the‐job learning or training) relative to the total flow of monetary resources available to society. The indicator measures both public and private expenditure on educational institutions (including public subsidies) and family spending in so far as it translates into payments to educational institutions. Spending data does not include subsidies for student living costs, student loan subsidies and other direct private spending (for example on text books or transport to school). Nor do they measure spending on pre‐school education or childcare, which may have an educational component.
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Document Type: Review Article

Publication date: 2009-05-01

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