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>> Education Indicator in Focus - No. 27
What Are the Earnings Advantages from Education?
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Skills and wage inequality across labour markets by Dirk Van Damme
||Rising levels of tertiary attainment seem not to have led to an "inflation" eroding the labour-market value of qualifications. However, tertiary graduates have the highest relative earnings advantage when they live in a country with low tertiary attainment rates.
On average, compared to those with an upper secondary education, tertiary-educated adults earn about 1.6 times more than their peers, while individuals without an upper secondary education earn 24% less.
Higher educational attainment and literacy skills increase earnings, but the advantages are more pronounced for men than for women and seem to increase as adults get older.
The crisis has widened the wage gap between less educated and highly educated individuals: across OECD countries, the average difference in earnings from employment between these two groups increased from 75 percentage points in 2008 to 79 percentage points in 2012.
Qualifications are more rewarded than skills: attaining a higher level of education has a stronger positive impact on earnings than better literacy proficiency.
Education Indicators in Focus is a recurring series of briefs that highlight specific indicators in OECD’s Education at a Glance that are of particular interest to policy makers and practitioners.
They provide a detailed look into current issues in pre-primary, primary and secondary education, higher education, and adult outcomes from a global perspective, and contain an engaging mix of text, tables and charts that describe the international context of the most pressing questions in education policy and practice.
No. 26. Learning Begets Learning: Adult Participation in Lifelong Education
No. 25. Who are the doctorate holders and where do their qualifications lead them? by Eric Charbonnier, Joris Ranchin and Laudeline Auriol
No. 24. How innovative is the education sector? by Stéphan Vincent-Lancrin and Gwénaël Jacotin
No. 23. At what age do university students earn their first degree? by Dirk Van Damme and Corinne Heckmann
No. 22. How much time do primary and lower secondary students spend in the classroom? by Eric Charbonnier and Nhung Truong
No. 21. How much are teachers paid and how much does it matter? by Eric Charbonnier
No. 20. How old are the teachers? by Dirk Van Damme
No. 19. What are tertiary students choosing to study? by David Valenciano
No. 18. What is the impact of the economic crisis on public education spending? by Eric Charbonnier and Joris Ranchin
No. 17. Does upper secondary vocational education and training improve the prospects of young adults? by Rodrigo Castaneda Valle
No. 16. How can countries best produce a highly-qualified young labour force? by Dirk Van Damme
No. 15. How are university students changing? by Ignacio Marin and Corinne Heckmann
No. 14. How is international student mobility shaping up? by Cuauhtemoc Rebolledo-Gómez and Joris Ranchin
No. 13. How difficult is it to move from school to work? by Karinne Logez
No. 12. Which factors determine the level of expenditure on teaching staff? by Eric Charbonnier and Etienne Albiser
No. 11. How do early childhood education and care (ECEC) policies, systems and quality vary across OECD countries? by Miho Taguma
No. 10. What are the social benefits of education? by Koji Miyamoto
No. 9 How does class size vary around the world? by Elisabeth Villoutreix
No. 8 Is increasing private expenditure, especially in tertiary education,associated with less public funding and less equitable access? by Dirk Van Damme
No. 7 How well are countries educating young people to the level needed for a job and a living wage? by Dirk Van Damme
No. 6 What are the returns on higher education for individuals and countries? by J.D. LaRock
No. 5 How is the global talent pool changing? by Pedro Garcia de León, Corinne Heckmann and Gara Rojas González
No: 4 How pronounced is income inequality around the world and how can education help reduce it? by Ji Eun Chung
No: 3 How are girls doing in school – and women doing in employment – around the world? by Eric Charbonnier and Corinne Heckmann
No. 1: How has the global economic crisis affect people with different levels of education? by J.D. LaRock
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