Across Europe, assumptions are often made within the academic literature and by some social commentators that students have come to understand the purpose of higher education (HE) in increasingly instrumental terms. This is often linked to processes of marketisation and neo-liberalisation across the Global North, in which the value of HE has come…

Using the 2012 PIAAC data, our analysis confirms that there are significantly higher earnings and employment returns to "both" increasing levels of formally recognised education, and to increasing levels of numeracy, literacy and information and communication technologies (ICT) skills proficiencies controlling for the level of education.…