EDUCATION AND SOCIETY

According to the education reports of 34 OECD member countries, expenditures on young individuals without any certification after leaving school as well as on their societies continue to increase. Therefore, OCED urges the members to try their best to keep their society from “the loss of a generation”.
In OECD countries, eighty-two per cent of the youth from OECD countries getting their high school diplomas is estimated to be the current tendency. It is a great challenge to enter the labor market for those who are unable to pass through this threshold. The unemployment rate among people without high school diplomas has also increased dramatically during the time of economic crisis.
OECD researchers have come to the conclusion that the education brings many benefits for the society in the long run. People with higher education tend to receive lower unemployment compensation and social welfare. Besides, they are required to pay taxes at the higher rate when employed.

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