KEY FINDINGS
Sweden enjoys an 81.5 % employment rate for all levels of education – the second highest rate of all OECD countries after Iceland (Table A7.1b). Some 10 % of 15-29 year-olds in Sweden are neither in education nor employed (NEET) – one of the smallest percentage of NEETs among all OECD countries (Cha...
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| Format: | Text |
| Language: | English |
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| Online Access: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.392.7448 http://www.oecd.org/education/EAG2012 - Country note - Sweden5.pdf |
| Summary: | Sweden enjoys an 81.5 % employment rate for all levels of education – the second highest rate of all OECD countries after Iceland (Table A7.1b). Some 10 % of 15-29 year-olds in Sweden are neither in education nor employed (NEET) – one of the smallest percentage of NEETs among all OECD countries (Chart C5.1). Sweden spends USD 11 400 per student from primary to tertiary education, more than the OECD average of USD 9 249 (Table B1.1). • Some 7.3 % of Sweden’s GDP is devoted to spending on education, while the OECD average is 5.8% (Table B4.1). In Sweden, the annual income for teachers at the end of their careers is USD 38 696, compared with the OECD average of USD 45 100. Sweden, with a population of 9.5 million, maintains a generous welfare system, with compensations for such life-changing events as illness or retirement, and an emphasis on providing equal benefits for all people (Larsson, Bäck, 2008). As a result, tax revenue as a percentage of GDP in Sweden is high – up to 45.8 % in 2010, among the highest across OECD countries. Consequently, while employment rates are relatively high at all levels of education, after-tax earnings are relatively low for individuals. |
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