Özet:

The study was carried out with a 2017 data set, with 35 OECD countries selected as samples to measure the effect of education on labor markets. The relevant data set was derived from the Better Life Index sub-variables contained in OECD statistics. The hypotheses that are subject to the study have been tested using structural equality model using the SmartPLS program. The education variable was analyzed in terms of participation in education, student skills and years in education sub-indicators. Labor market dynamics were measured through sub-indicators of employment rate, job-related earnings, long-term unemployment rate and labor market insecurity. As a result of the study, according to the Better Life Index for 2017 in OECD member countries, education positively effects the positive dynamics of the labor market. It has been observed that improvement in education increases the employment rate and job-related earnings in the country. On the other hand, education negatively effects the negative labor market dynamics. In other words, an improvement in education reduces long-term unemployment and labor market insecurity.

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