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Tertiary-educated individuals are likely to earn twice as much as the median worker finds OECD (video)

Access to education continues to expand worldwide but the socio-economic divisions between tertiary-educated adults and the rest of society are growing. Governments must do more to ensure that everyone has the same opportunity to a good education early in life, according to a new OECD report.

Education at a Glance 2014 says that educational mobility has started to slow down in the industrialised world. The number of people with lower qualifications than their parents is 9% among 55-64 year-olds to 12% among 35-44 year-olds and 16% among 25-34 year-olds.

At the same time, among the younger age group of 25-34 year-olds, where the tertiary attainment rate had risen to 43%, the impact of parents’ educational background was just as strong: of adults with at least one tertiary-educated parent, 65% attained a tertiary qualification, while of the adults with low-educated parents only 23% did. These data suggest that the expansion in education has not translated into a more inclusive society.

“Education can lift people out of poverty and social exclusion, but to do so we need to break the link between social background and educational opportunity,” said OECD Secretary-General Angel Gurría. “The biggest threat to inclusive growth is the risk that social mobility could grind to a halt. Increasing access to education for everyone and continuing to improve people’s skills will be essential to long-term prosperity and a more cohesive society.”

Chosen excerpts by Job Market Monitor. Read the whole story at Newsroom – OECD.

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