Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/326788 
Year of Publication: 
2021
Series/Report no.: 
UNU-MERIT Working Papers No. 2021-029
Publisher: 
United Nations University (UNU), Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT), Maastricht
Abstract: 
A simulation shows that increasing teacher salaries is likely to be (very) profitable for Peru. The required investments have in the long run a substantial return in economic growth as higher salaries would lead to higher teacher cognitive skills, which in turn impact student achievement. We suggest that international development banks should develop products for education finance with a long period (60 years or more) before repayments must be made.
Subjects: 
Education
Return over investment
Economic growth
GDP
PISA
Cognitive Skills
Teachers
Development finance
JEL: 
C63
H52
I25
O15
O21
O24
N36
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Working Paper

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