Skip to: Content
Skip to: Site Navigation
Skip to: Search


Global News Blog

How higher education may be easing the global recession

A new OECD report on education in the world's top economies highlights the importance of higher education, which includes vocational schooling, during an economic downturn.

By Staff writer / September 27, 2012



The Organization of Economic Cooperation and Development recently released its Education at a Glance 2012 report, which examines education in OECD and G20 countries (where the data was available). Here are the five most educated countries in the world.

Skip to next paragraph

Latin America Editor

Whitney Eulich is the Monitor's Latin America editor, overseeing regional coverage for CSMonitor.com and the weekly magazine. She also curates the Latin America Monitor Blog.

Recent posts

The key to understanding this year’s report is the 2009 - 2010 global recession: “No group or country – no matter how well-educated – is totally immune from the effects of a worldwide economic downturn,” begins the Education at a Glance 2012 report, which notes that young people have borne the largest burden. Nearly 16 percent of people between the ages of 15 and 29 in OECD countries in 2010 were neither employed nor in some kind of education or training program.

The OECD research highlights the importance of higher education, which includes vocational schooling, during an economic downturn. People with more education were found to be able to keep or change jobs more easily; unemployment rates for those with higher education remained low during the economic crisis; and the earning gap between people with higher vs. lower levels of education grew wider during the recession.

Access to higher education is not equitable for all students, however, and creating opportunities for everyone is a challenge that all countries face, notes the report. For example, young people with at least one parent who has completed a higher education degree in OECD countries have nearly double the chances of attaining higher education opportunities, the report notes.

Another barrier is that students and families have taken on an increasingly large portion of education costs in OECD countries, which the report notes can lead to situations where individuals are burdened with debt that could prevent them from pursuing further education. “These barriers may impede countries’ own goals of increasing educational attainment in their populations,” the report notes.

COUNTRIES INCLUDED IN THE STUDY:

Permissions

  • Weekly review of global news and ideas
  • Balanced, insightful and trustworthy
  • Subscribe in print or digital

Special Offer

 

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

 
 
Become a fan! Follow us! Google+ YouTube See our feeds!