National Accounts at a Glance 2009
National Accounts at a Glance 2009
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The publication includes information on education in the 30 member countries. The data are mainly from the school year The majority of data on Iceland are based on information from Statistics Iceland. The publication comprises four chapters that discuss: The output of educational institutions and the impact of learning; financial and human resources invested in education; access to education, participation and progression, and the learning environment and the organisation of schools.
The publication includes numerous tables and charts. Additional material can be found on the OECD website. Since the publication is mostly based on data from the school year the effects of the financial crisis are not yet visible in the data in the publication. According to the OECD it is likely that there will be incentives for people to take part in education over the next years due to the financial crisis.
At the time of an economic downturn the opportunity costs for students due to a loss in earnings while studying are smaller than in a better financial situation. At the same time it is more difficult for new graduates to enter the labour market, where they compete with older, more experienced workers for jobs.
Younger people with little education, who lose their jobs, are more likely to be long-term unemployed. With increasing participation of young people in education the gap between well educated young people and less educated older people is widened, leaving the older workers more vulnerable if they lose their job.
The governments need to examine how best to organise continuing education to meet the needs of older people, according to the OECD. It is expected that expenditure on education will be thoroughly examined and it will be debated how best to finance education. But certainly from a data perspective more can and remains to be done.
The Stiglitz-Sen-Fitoussi Commission for example highlights the pressing need for the provision, by official statistics institutes, of more detailed information that better describes the distributional aspects of activity, especially income, and the need to build on the national accounts framework to address issues such as non-market services produced by households or leisure.
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It is hoped that by producing a publication such as this and thereby raising awareness, the momentum from this and other initiatives will be accelerated. The publication itself will pick up new indicators in the future as they become available at the OECD. The dataset is based on the original publication which is broken down into eight chapters: The first provides a general introduction focusing on indicators of GDP.
The third chapter looks at indicators related to the expenditure approach to GDP estimation, with information on the key components of demand and imports. The fourth chapter looks at indicators from a production perspective.
