Unclassified ADAPTING THE ICELANDIC EDUCATION SYSTEM TO A CHANGING ENVIRONMENT ECONOMICS DEPARTMENT WORKING PAPERS No. 516

• Main Author: English Text Only
• Other Authors: The Pennsylvania State University CiteSeerX Archives
• Format: Text
• Language: English
• Subjects: Education; human capital; education policy; Iceland. This Wor; Iceland
• Online Access: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.432.1896

www.oecd.org/eco/Working_Papers English text only JT03213689 Document complet disponible sur OLIS dans son format d'origine Complete document available on OLIS in its original formatECO/WKP(2006)44 ABSTRACT/RÉSUMÉ ADAPTING THE ICELANDIC EDUCATION SYSTEM TO A CHANGING ENVIRONMENT This paper reviews Iceland’s performance in skills accumulation against the backdrop of a rapidly changing economic environment and discusses directions for further improvements. Since the late 1990s, the government has considerably raised expenditure on education, which is now among the highest in the OECD relative to GDP. Nonetheless, Iceland continues to have one of the largest shares of those in the working age population who have not attained upper secondary or higher qualifications, and educational achievements of 15year olds are not outstanding relative to the country’s advanced state of economic development. This is all the more unsatisfactory because spending per student in the compulsory education sector exceeds the OECD mean considerably, even after controlling for differences in per capita GDP. Measures to improve outcomes include