I was trying to find a slide which demonstrates the benefit of school attendance (also the detriment caused by non-attendance, especially for students from low socio-economic groups), but I have failed at this stage. This is important piece of evidence supporting a strong anti-truancy policy.
But I did come across this interesting chart. Bear in mind, these cross-country comparison can be fraught, but I thought the figures did pick up some interesting (ostensible) differences between Australia and the rest of the OECD.
The interesting features of these data are:
- The much lower proportion of wages that make up the income of the lowest quintile in Australia
- The much higher proportion of government transfers that make up the income of the lowest quintile in Australia
- The fact that the highest quintile in Australia receive virtually no government transfers compared with other countries
- The lower proportion of self-employment among the highest quintile in Australia.