In the past two decades, the share of young adults with advanced qualifications has risen sharply across OECD countries: 48% of 24-34 year-olds had a tertiary degree in 2021, compared to just 27% in 2000. This is due to the growing need for advanced skills in labour markets and has profound implications for our societies and the future of education.
The COVID-19 pandemic demonstrated that educational attainment is one of the best protections against economic risks: during the peak of the pandemic, unemployment increased much more for those with below upper secondary attainment than for those with tertiary attainment. A similar pattern was observed in the aftermath of the 2008 financial crisis.
Better-educated adults may also find it easier to adopt new technologies that improve their quality of life. For example, 71% of 55-74 year-olds with tertiary attainment used online or video calls during the pandemic, allowing them to stay in touch with family and friends and avoid social isolation. In contrast, only 34% of similarly aged adults with below upper secondary attainment reported making online or video calls.
This year’s edition of Education at a Glance focuses on this changing environment for tertiary education.