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Grade retention has been the focus of the education debate in Spain for decades. On average, more than 30% of students have repeated at least one grade before they finish (or dropout from) their compulsory studies. The present research provides new evidence on this issue by investigating the influence of Spain's school entry age upon students' grade retention. Using data from 15-year-old students who participated in the PISA 2006, 2009, 2012 and 2015 assessments, we implement a regression discontinuity analysis. Our key finding is that students who were born late in the year (younger students) are more likely to repeat a grade. Yet, once they reach secondary education, the disadvantage they suffer due to their younger school starting age seems to disappear. Hence, the key reason why younger students have lower PISA scores than older students in Spain is due to their increased likelihood of repeating a grade, rather than being due to their relative age per se. To avoid these artificial disadvantages of younger students and unfair retention, we suggest that policymakers inform families about this school entry issue and also make the school entry law more flexible. This would facilitate parents of younger children to choose whether to delay their children's school enrolment or not.

Financial literacy is a competence that extends to many aspects of everyday life. The Great Recession has recently highlighted its relevance and the importance of financial literacy training in the school curricula. The authors use PISA 2015 data to investigate the link between financial education and young people's financial literacy across 15 countries using a student fixed-effects approach. Their results illustrate how financial education is still in its infancy within many countries and does not seem to improve young people's ability to apply financial skills in real-world situations.

International large-scale assessments have gained much attention since the beginning of the twenty-first century, influencing education legislation in many countries. This includes Spain, where they have been used by successive governments to justify education policy change. Unfortunately, there was a problem with the PISA 2018 reading scores for this country, meaning the OECD refused to initially release the results. Therefore, in this paper we attempt to estimate the likely PISA 2018 reading scores for Spain, and for each region within. The figure finally published by the OECD for Spain – in terms of reading scores – was 476.5 points, which is between the lower and upper bound of the interval we find (475 to 483 test points in 2018). Additionally, we report some robustness checks for the OCED countries participating in PISA 2018, which show that the difference between the actual scores and the ones we found with the imputation methods are quite close. [ABSTRACT FROM AUTHOR]

International large-scale assessments have gained much attention since the beginning of the twenty-first century, influencing education legislation in many countries. This includes Spain, where they have been used by successive governments to justify education policy change. Unfortunately, there was a problem with the PISA 2018 reading scores for this country, meaning the OECD refused to initially release the results. Therefore, in this paper we attempt to estimate the likely PISA 2018 reading scores for Spain, and for each region within. The figure finally published by the OECD for Spain – in terms of reading scores – was 476.5 points, which is between the lower and upper bound of the interval we find (475 to 483 test points in 2018). Additionally, we report some robustness checks for the OCED countries participating in PISA 2018, which show that the difference between the actual scores and the ones we found with the imputation methods are quite close. [ABSTRACT FROM AUTHOR]

Grade retention has been the focus of the education debate in Spain for decades. On average, more than 30% of students have repeated at least one grade before they finish (or dropout from) their compulsory studies. The present research provides new evidence on this issue by investigating the influence of Spain's school entry age upon students' grade retention. Using data from 15-year-old students who participated in the PISA 2006, 2009, 2012 and 2015 assessments, we implement a regression discontinuity analysis. Our key finding is that students who were born late in the year (younger students) are more likely to repeat a grade. Yet, once they reach secondary education, the disadvantage they suffer due to their younger school starting age seems to disappear. Hence, the key reason why younger students have lower PISA scores than older students in Spain is due to their increased likelihood of repeating a grade, rather than being due to their relative age per se. To avoid these artificial disadvantages of younger students and unfair retention, we suggest that policymakers inform families about this school entry issue and also make the school entry law more flexible. This would facilitate parents of younger children to choose whether to delay their children's school enrolment or not. [ABSTRACT FROM AUTHOR]