Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession will provide more and more young people with strong incentives to stay on in education. Governments need to take account of this in planning education policies, according to the latest edition of the OECD’s annual Education at a Glance.
“As we emerge from the global economic crisis, demand for university education will be higher than ever,” OECD Secretary-General Angel Gurría said. “To the extent that institutions are able to respond, investments in human capital will contribute to recovery.”
Going to university pays dividends in later life through higher salaries, better health and less vulnerability to unemployment, OECD analysis shows. In most countries, the difference in pay levels between people who have degrees and people who don’t is continuing to grow.
See full Press Release.
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