"The UK clearly has a challenge to keep teaching financially attractive, different from most OECD countries where the teaching profession is now better paid", said Andreas Schleicher, director for education and skills at the OECD.
According to information received in 2015, the average primary school teacher's starting salary was $19,507, while the OECD average was $30,838.
The report showed the proportion of 25 to 34-year-olds with no secondary qualifications had halved since 2000, dropping from 31 percent to the OECD average of 16 percent.
However, it should be noted that Israeli teachers work significantly fewer hours than their OECD counterparts.
At a pre-primary level, Australian teachers teach for 882 hours per year, 866 hours for primary school teachers, 806 for lower secondary school teachers and 804 hours for upper secondary school teachers.
Teachers working with historically disadvantaged students face an even bigger gap.
Tavish Scott MSP, Scottish Liberal Democrat education spokesman, called for an independent "root and branch" review of teachers' pay and responsibilities.
"While the rest of the world has prioritized teaching and learning, and is investing heavily in equity and teacher preparation, 36 US states are spending less on education than before the Great Recession", said Randi Weingarten, president of the American Federation of Teachers, in a statement on the findings.
But he said the percentage of young people who are not in education, training or employment is above the OECD average and urged the Government to fully implement its new DEIS action plan so that all young people have equal access to educational opportunities.
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The report examines the state of education around the world, using the 35 members of the Organisation for Economic Co-operation and Development (OECD).
NEET: One in eight (12.6%) of New Zealanders aged 18 to 24 a year ago were not in employment, education or training (NEET) - worse than Australia (10.9%) but better than the OECD average (15.3%).
The report showed that between 2010 and 2015, among countries for which data are available, Israel recorded one of the largest increases in salaries for 25- to 64-year-old high-school teachers.
Teachers Union secretary-general Yaffa Ben-David said in response to the report: "It's hard to reconcile that teachers in Israel make less than 70% of the OECD average".
"The report shows that the students receive more teaching hours, and the teachers receive more reward for their investments", he said.
The broad trend shows the impact of the economic downturn in 2008, with pay generally frozen or cut between 2009 and 2013, before starting to increase again, but England's teachers appear to be falling behind. The average number of compulsory instructional hours across the OECD is 7538.
Unlike previous years, the 2017 edition of this report focused on higher education.
Women in Israel are more likely to enroll in higher education, making up 57% of entrants, compared to the OECD average of 54%. Only India had a higher figure at 38 percent, and the OECD average was 30 percent.