Education systems and their impact on the labor market

Abstract

This chapter assesses education systems and human capital in the SEMC and their impact on labor markets in the region. Despite differences among the analyzed countries, they share a common feature: when measured by the UNDP HDI, their inequality-adjusted values are significantly lower than their HDI values and ranks when inequality is not taken into account. Nevertheless, significant improvements have been achieved in all the quantitative indicators for education, while the qualitative performance is still modest in the majority of countries.