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What Are the Earnings Advantages from Education?

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Abstract

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.

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  • Oecd, 2014. "What Are the Earnings Advantages from Education?," Education Indicators in Focus 27, OECD Publishing.
    • Handle: RePEc:oec:eduaaf:27-en
    DOI: 10.1787/5jxrcllj8pwl-en
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    Cited by:

    1. Husein Abdul-Hamid & Sarah Mintz & Namrata Saraogi, 2017. "From Compliance to Learning," World Bank Publications - Books, The World Bank Group, number 26331.
    2. Strohmaier, R. & Rainer, A., 2016. "Studying general purpose technologies in a multi-sector framework: The case of ICT in Denmark," Structural Change and Economic Dynamics, Elsevier, vol. 36(C), pages 34-49.
    3. Geppert, Christian, 2015. "On the Distributional Implications of Demographic Change," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113070, Verein für Socialpolitik / German Economic Association.
    4. Andreu, Laura & Pütz, Alexander, 2015. "Choosing two business degrees versus choosing one: What does it tell about mutual fund managers' investment behavior?," CFR Working Papers 12-01 [rev.], University of Cologne, Centre for Financial Research (CFR).
    5. Silla, Anne & Kallberg, Veli-Pekka, 2016. "Effect of railway safety education on the safety knowledge and behaviour intention of schoolchildren," Evaluation and Program Planning, Elsevier, vol. 55(C), pages 9-16.
    6. Alexandru-Emil POPA & Daniel URITU, 2014. "Evaluating The Information Society In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 8(1), pages 763-771, November.

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