Chile's skills snapshot
Developing the relevant skills
- How well does Chile’s education system perform? In the 2009 PISA tests for 15 year-olds, Chile performs below the OECD average in reading (rank 44), in mathematics (49) and in science (rank 44).1
- Does Chile invest enough in education and training? Chile spent 6.8% of its annual income on education in 2010, compared to the OECD average of 6.2% in 2009.2
- Is there scope to improve skill utilisation in Chile through strengthening labour force participation? In 2011, 79% of people aged between 25 and 54 were in the labour force, compared to an OECD average of 81%.3 The participation rate for prime-age women (aged 25-54) is below the OECD average at 65.5% in 2011 (OECD average 71%).4
- To what extent are Chile’s older workers supplying their skills to the labour market? In 2011, 62% of people aged 55 to 64 were in the labour force, compared to an OECD average of 57.8%.5
- How smooth is the transition from school to work for Chile’s youth? The employment rate of Chile’s youth in 2011 was 31.7%, compared with the OECD average of 39.3%.6 In 2011, the unemployment rate of Chile’s youth was 17.5%, a relatively high rate compared to the OECD average of 16.2%.7
- Are the qualifications of Chile’s workers well matched with the requirements of their jobs? In 2005, 37.4% of Chile’s workers were over-qualified for their jobs (against the OECD average of 25%), and 15% were under-qualifed (against the OECD average of 22%).8 Over-qualified (under-qualified) workers are those who have a higher (lower) qualification than the most common qualification of all other workers in the same occupation.
Key recommendations from the OECD Skills Strategy
A country can develop the relevant skills by encouraging and enabling people to learn throughout life; fostering international mobility of skilled people to fill skills gaps; and promoting cross-border skills policies.
A country can activate the supply of skills by encouraging people to offer their skills to the labour market and retaining skilled people in the labour market.
A country can put skills to effective use by creating a better match between people’s skills and the requirements of their job and increasing the demand for high-level skills.
For more information, see the: