Essay Question

Improving individuals' outcomes is a key goal of education. It is therefore important from a policy perspective to understand the impact of qualifications in the labor market. Do more qualified individuals earn more, and are they more likely to be employed? If the answer is yes, is it possible to estimate the monetary benefits to society of a more educated workforce? Having robust and up-to-date evidence on the economic benefits of achieving qualifications is critical to educational investment decisions.

Discuss the validity of such statement by making comparative analysis between any two countries of your choice.