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Education Pays Off

Denmark’s investments in education yield results. Highly educated persons more often avoid unemployment and stay employed during the economic crisis. That is the clear conclusion of the OECD publication Education at a Glance 2012.   Opulentus DenmarkA high level of education generates increasing revenues that contribute to growth and prosperity in the OECD countries. While avoiding unemployment, highly educated persons have also had a positive effect on GDP generally in the OECD. That trend is especially manifest in Denmark and Ireland where people with a higher education have had a particularly high impact on GDP growth.   - Relatively, Denmark is one of the countries that spend most money on education because education is a good investment for individuals and for society. Despite the gravity of the crisis, highly educated persons have had success finding and staying in jobs as well as maintaining their value in the labour market and thus their income. It is clear that Denmark's massive investment in education yields results that are essential for Denmark's growth and prosperity, says Education Minister Morten Østergaard.   In 2007, Denmark spent (public sector) 2.4 percent of GDP on higher education, compared to an average of 1.4 percent in the rest of the OECD countries.   In Denmark, the employment rate among highly educated persons is 86 percent, compared to the OECD average 83 percent. Denmark’s employment rate for people with a primary education is 63 percent and 79 percent for people with a secondary education.   Education at a Glance 2012 also indicates that:   • Denmark (public sector) in 2009 spent 8.7 percent of GDP on all types of education. This is the highest proportion among OECD countries, where the average is 5.8 percent of GDP. • 39 percent of a year group in OECD countries in 2010 will complete a bachelor's degree. With 50 percent Denmark is placed above OECD average and above than Norway and Sweden. • In 2010 the proportion of international students accounted for 7.5 percent of all students in higher education. That is close to the OECD average of eight percent and higher than Norway and Sweden.   Source: http://www.copcap.com/content/us/quick_links/news/latest_news/2012/news_3rd_quarter_2012/education_pays_off

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