Wednesday, 19th September 2012
Education at a Glance 2012: OECD Indicators
Source: Organisation for Economic Co-operation and Development
For some time now, the global education and economic landscapes have been in a state of rapid transformation, spurred in significant part by two key changes. The first is the continued ascent of the knowledge economy, which has created powerful new incentives for people to build their skills through education – and for countries to help them do so. The second phenomenon – which is closely related to the first – is the explosive growth of higher education worldwide, which has increased opportunities for millions and is expanding the global talent pool of highly-educated individuals.
This year’s Education at a Glance examines these landscapes in light of another important change: the full onset of the global recession in 2009 and 2010. As one might expect, our analysis finds that no group or country – no matter how well-educated – is totally immune from the effects of a worldwide economic downturn. At the same time, it also shows the remarkable importance of having a higher level of education for the economy, for the labour market and for the society as a whole...
The gaps in earnings between people with higher education and those with lower levels of education not only remained substantial during the global recession, but grew even wider. In 2008, a man with higher education could expect to earn 58% more than his counterpart with no more than an upper secondary education, on average across OECD countries. By 2010, this premium increased to 67%. Similarly, in 2008, women with higher education had an average earnings premium of 54% compared to their upper secondary-educated peers. By 2010, this premium grew to 59%. This is no longer just a phenomenon of the industrialised world. Indeed, the country with the greatest earnings premium on higher education is now Brazil, where that advantage is about three times as high as on average across OECD countries. The hunger for education is also mirrored in the educational aspirations of much younger people in the emerging economies. Brazil, Indonesia and the Russian Federation are now among the ten countries with the highest proportion of 15-year-olds aspiring to highly-skilled careers.
+ Direct link to Report (PDF; 6.1 MB)
By Adrian Janes
Having begun his career in academic libraries, Adrian Janes is currently an Information Services Librarian with the London Borough of Havering.
In this role, he has particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by Free Pint Ltd. in 2007. He is also involved in training and publicising online reference resources and is a regular contributor to DocuTicker.
Adrian can be reached at firstname.lastname@example.org
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