The economics of education with Eric Hanushek

Education budgets are huge. Public spending on schools, universities and other public and private educational institutions is around 5% of GDP across OECD countries on average. But is the money well spent? In this episode of Top Class, Economist Professor Eric Hanusek, the Paul and Jean Hanna Senior Fellow at the Hoover Institution, Stanford University, and Yidan Prize winner, tells OECD Editor Duncan Crawford that smarter spending would lead to considerably better learning outcomes and make societies better off. Learn more about public spending on education here: https://www.oecd.org/en/data/indicators/public-spending-on-education.html Learn more about The Yidan Prize here: https://yidanprize.org/