• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

New international study shows subsidizing college yields significant tax revenue for countries

The Organization for Economic Cooperation and Development (OECD) released Tuesday its annual report on education trends in the world’s wealthiest countries. The report shows a growing number of OECD countries, made of up 34 wealthy nations, the U.S. included, have advanced the number of individuals acquiring a college education compared to previous generations, as the below graph indicates.

Image has not been found. URL: http://images.americanindependent.com/generational-change-in-college-degrees-OECD.jpgScreenshot of web powerpoint presentation by OECD

In a prepared statement, OECD Secretary-General Angel Gurría said, “The cost to individuals and society of young people leaving school without a qualification keeps rising.”

Gurria added: “We must avoid the risk of a lost generation by all means. Despite strained public budgets, governments must keep up their investment to maintain quality in education, especially for those most at risk.”

College graduation rates have risen by 19 percentage points in the past 14 years for what the OECD calls tertiary-type A, or bachelor’s and some master’s degrees.

The relationship between college completion and employment among OECD countries, typically the wealthiest nations on the planet, was also explored in the 400-plus page document.

From a press release:

Unemployment rates among university graduates stood at 4.4% on average across OECD countries in 2009. But people who did not complete high school faced unemployment rates of 11.5%, up from 8.7% the year before. This adds to the huge problem of youth unemployment that today exceeds 17% in the OECD area.

More detailed findings were presented via teleconference to journalists by professor Andreas Schleicher, directorate of education for the international group.

Most striking to American audiences is the rate at which the number of U.S. college degree holders declined as a total share of higher learning degree holders among the G20 states and, separately, the economic benefits of an increasingly college-educated society despite this country’s high tuition costs.

While the U.S. makes up 26 percent of the 255-million college educated individuals living in these privileged countries, that disproportionate representation begins to thin when comparing younger to older generations. Among 55-64 year-olds, the U.S. makes up 35.8 percent of the 39 million people across participating OECD countries, yet of the 81 million OECD degree holders aged 25-34, America’s share drops to 20.5 percent. Emerging economic powers like Mexico and Brazil saw their share of college graduates rise from 1.8 and 3.5 percent to 3.9 and 4.5 percent, respectively, across the two age groups.

Schleicher explained that while America’s rate of college-educated individuals is still increasing, other countries are matriculating its students faster.

A more-educated world community is not forcing wages to compress, the study also notes.

Individuals in OECD countries possessing a college-equivalent degree can expect to earn over 50 percent more than a person with a high school degree. In the U.S., that yawn is one of the most dramatic, with the wage differential nearly 80 percent.

The gap between high-school and non-high-school graduates is also significant: In not earning a certificate, a U.S. worker can expect his or her wages to be 64 percent of what a high school graduate would make. Across OECD countries, the differential is still wide, at 77 percent.

While public expenditures subsidizing college tuition costs varies, the report shows countries benefit significantly from those investments in the form of future tax receipts that are generated from a college graduate’s income and wealth.

The chart below explains. (Click here for a larger image.)

Image has not been found. URL: http://images.americanindependent.com/economic-benefit-OECD-income.jpg

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.