a column by Debora Revoltella, Philipp-Bastian Brutscher and Patricia Wruuck for VOX: CEPR’s Policy Portal
Spending on education underpins the formation of human capital. But intra-EU labour mobility means that returns to such spending often accrue somewhere other than where the investment takes place, which can lead to sub-optimal levels of investment in countries that are subject to persistent outward migration.
This column advocates for more intra-EU coordination on investment in education and proposes a novel mechanism for fostering more investment in human capital across the EU.
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