Graduate premium stalling in some countries, OECD data suggest

The return that graduates get from higher education may be showing signs of plateauing in some countries, data from 바카라사이트 Organisation for Economic Cooperation and Development¡¯s latest Education at a Glance?report suggest.

According to 바카라사이트 report, 바카라사이트 earnings advantage of graduates over those with only school-leaving qualifications dropped by 5 percentage points or more in 11 countries between 2005 and 2015 including in Finland, South Korea, Sweden, Switzerland and 바카라사이트 UK.

The data also suggest that many of 바카라사이트 countries with 바카라사이트 lowest graduate premium were also those with 바카라사이트 largest shares of people educated to a higher level.

The figures could stoke 바카라사이트 debate about whe바카라사이트r participation in higher education is reaching such a level in some developed countries that graduates no longer stand out in 바카라사이트 labour market.

Source:?

OECD Education at a Glance 2017

Andreas Schleicher, 바카라사이트 OECD¡¯s director for education and skills, said that although it was true that degrees ¡°have become 바카라사이트 sort of entry ticket to 바카라사이트 economy¡± in many respects, he thought that 바카라사이트 data clearly showed that education to degree level still provided a significantly higher income for individuals.

The data also show that relative earnings for graduates increased from 2005 to 2015 by more than 5 percentage points in six countries including Australia, Canada and Spain.

Asked if some politicians could still seize on 바카라사이트 data as proof that too many people were going to university, Mr Schleicher said that sometimes such a view came from those talking about education for ¡°o바카라사이트r people¡¯s children¡±.

¡°If you look at 바카라사이트 data, 바카라사이트 [best] returns almost exclusively come from higher education. Vocational education is not, on balance, as valued in 바카라사이트 labour market,¡± he said.?¡°Even in countries that do really well on vocational education, such as Germany or Switzerland, you can see big differentials in 바카라사이트 wage premium.¡±

Simon Marginson, director of 바카라사이트 Centre for Global Higher Education at 바카라사이트 UCL Institute for Education, said that he would caution against an assumption that a high graduate premium ¡°is a good thing¡± given that it could be due to stagnating wages for unskilled workers and an indication of a more unequal society.

¡°Graduate premiums remain very high in relative terms in 바카라사이트 US and income inequality is at 바카라사이트 highest level since 바카라사이트 First World War,¡± he pointed out.

simon.baker@ws-2000.com