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OECD Factbook 2011-2012

Economic, Environmental and Social Statistics

image of OECD Factbook 2011-2012

OECD Factbook 2011/12 is a comprehensive and dynamic statistical annual publication from the OECD. More than 100 indicators cover a wide range of areas: agriculture, economic production, education, energy, environment, foreign aid, health, industry, information and communications, international trade, labour force, population, taxation, public expenditure, and R&D. This year, to commemorate the OECD 50th anniversary, the OECD Factbook features a focus chapter on 50 years of OECD statistics.

Data are provided for all OECD member countries including area totals, and in some cases for selected non-member economies (including Brazil, China, India, Indonesia, Russia & South Africa). For each indicator, there is a two-page spread: a text page includes a short introduction followed by a detailed definition of the indicator, comments on comparability of the data, an assessment of long-term trends related to the indicator and a list of references for further information on the indicator; the opposite page contains a table and a graph providing - at a glance - the key message conveyed by the data. A dynamic link (StatLink) is provided for each table where readers can download the corresponding data.

The OECD Factbook is also available as a smart phone app!

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Incentives to invest in education

The economic benefits of education flow not just to individuals but also to governments through additional tax receipts as people enter the labour market. These public returns, which take into account the fact that providing education is also a cost to governments, offer an additional perspective on the overall returns to education. Of course, they must be understood in the wider context of the benefits that economies and societies gain from increasing levels of education. From a policy perspective, awareness of economic incentives is crucial to understanding how individuals move through the education system. In shaping policies, it is important to consider the balance between private and public returns.

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