How Can Countries Best Produce a Highly-qualified Young Labour Force?

Oecd

No 16, Education Indicators in Focus from OECD Publishing

Abstract: In an economically uncertain world, countries must balance the need for austerity with the need to invest in building a high-quality workforce. There is only a weak relationship between spending per student and tertiary attainment rates – the same level of spending can produce very different outcomes in different countries. The amount of time students spend getting their qualification varies widely across OECD countries but more time spent in education does not produce a better-qualified workforce. The risk of an over-educated population seems small: higher participation rates do not lead to higher graduate unemployment. Rather, the widening employment gap between the most and the least educated suggests countries should continue to aim for a highly-qualified young workforce.

Date: 2013-11-01
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