Education
Background
Education plays a key role in providing individuals with the knowledge, skills and competences needed to participate effectively in society and in the economy. In addition, education may improve people’s lives in such social areas as health, civic participation, political interest and happiness. Studies show that educated individuals live longer lives, participate more actively in politics and in the community where they live, commit fewer crimes and rely less on social assistance.
Educational Attainment
Most concretely, having a good education greatly improves the likelihood of finding a job and earning enough money. Highly-educated individuals are less affected by unemployment trends, typically because educational attainment makes an individual more attractive in the job force. Across OECD countries, men with university-level degrees are 16% more likely to find jobs, and women are 30% more likely. Lifetime earnings also increase with each level of education attained.
Furthermore, following a decline in manual labour over previous decades, employers now favour a more educated labour force. This shift in demand has made an upper secondary degree, or high-school degree, the minimum credential for finding a job in almost all OECD countries. High-school graduation rates therefore provide a good indication of whether a country is preparing its students to meet the minimum requirements of the job market.
In 29 out of 34 OECD countries, 60% or more of the population aged 25 to 64 has completed at least upper secondary education. In some countries, the opposite is true: in Mexico, Portugal, and Turkey, 60% or more of the population aged 25 to 64 have not completed upper secondary education. However, among younger people in the OECD – a better indicator of a country’s future – 80% of 25-34 year-olds have earned the equivalent of a high-school degree.
On average across OECD countries, 44% of people have an upper secondary degree and 28% of people have a tertiary, or university-level, degree. Females are now more likely to complete upper secondary education than males in almost all OECD countries, a reversal of the historical pattern.
Student Reading Skills
But graduation rates, while important, speak little to the quality of education received. The OECD’s Programme for International Student Assessment (PISA) reviews the extent to which students near the end of their compulsory education (usually around age 15) have acquired some of the knowledge and skills that are essential for full participation in modern societies, particularly in reading, mathematics and science.
In 2009, PISA tested students from OECD member countries on their reading ability. Research shows that reading skills are more reliable predictors of economic and social well-being than the number of years spent in school or in post-formal education. The average student in the OECD area scored 493 out of 600.
Korea and Finland are the highest performing OECD countries, with average PISA scores of 539 and 536 points, respectively. Other top-performing OECD countries in reading literacy include Canada (524), New Zealand (521), Japan (520) and Australia (515). The lowest performing OECD country, Mexico, has an average score of 425. This means that the gap between the highest and lowest performing OECD countries is 114 points –the equivalent of more than two school years apart.
Top Ranking
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Indicators
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