The NZ labour market is among the most flexible in the OECD, and outcomes for its young people have been among the best. However, labour-market opportunities are heavily determined by initial education, where New Zealand’s system is also successful and innovative in many ways. Average PISA...

This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis...

This book presents the results of the project on young adults with low levels of education, conducted jointly by the OECD and the Canadian Policy Research Networks. It examines the extent to which young men and women with low levels of education are marginalized, the role family background plays...