In the current economic environment:
Continued strong demand for education
Poor labour markets and low opportunity costs for education
Substantial public and private gains from education
Earnings premium for tertiary education remains large and continues to grow:
Public long-term gains from higher education are almost three times the size of the investments
High-level skills key to competitiveness
Comparative cost advantage across OECD countries varies with educational levels
Labour-market entry becomes more difficult
Particularly for young lower educated individuals
Education a good insurance against unemployment and to stay employed especially in weak labour markets:
Educational attainment likely to rise further
Continuing education increasingly important.
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