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OECD: It pays to stay in education

18 Sep 2007

OECD: It pays to stay in education Getting a university degree can help young people in Britain earn more money, a recent survey suggests.

The Organisation for Economic Co-operation and Development (OECD) has found that graduates "enjoy substantial earning advantages" in comparison with people who did not continue their education after school.

The annual Education at a Glance report shows that people who graduated ten years ago earn 77% more than people who did not go on to further education.

“In all countries with comparative data, university graduates earn more money and find jobs more easily than people who have not had a university education, and these advantages have grown further over recent years in many countries,” the report said.

Furthermore, the survey shows that the rising number of graduates is helping to create greater opportunities for non-skilled workers in the labour market, with more jobs becoming available.

Though women are still proven to earn less than men on average in the UK, the report shows a degree to be particularly beneficial to women.

Advantages for those attaining a degree-level qualification have also grown in other countries such as France, Korea and Ireland.

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