OECD has published a report Taxation and Skills – How tax systems impact skills development in OECD countries
Creating incentives to invest in skills across society is a key component in lifting wage and productivity levels across OECD countries. At the same time, increased levels of skills investment will be necessary to ensure that future economic growth will be inclusive and sustainable. This study demonstrates that tax and spending policies need to be designed in a coherent manner in order to encourage efficient and equitable skills investments.
The study provides the following key insights:
The costs of failing to invest in skills will have consequences in the years ahead. A failure to invest in skills today will not only impede the economic participation of individuals and restrain productivity growth, but will also reduce future expected tax revenues, increase future expected levels of social expenditure, and jeopardise future inclusive economic growth prospects.