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Quantitative Analysis of the Interaction of the Labor Market and the Higher Education Market (on the Example of Kazakhstan)

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  • Oxana Bezler
  • Teodor Sedlarski

Abstract

The importance of the interaction of the labour market and the higher education market is beyond doubt. The analysis of scientific articles has shown that this type of interaction is considered by scientists depending on the direction of research. Only a few works are devoted to the quantitative analysis of the interaction of these domestic markets. The task is complicated by the fact that today there is no clear methodology for quantitative analysis of the interaction of subjects of different markets. The authors made an attempt to adapt the analysis methodology proposed by Russian scientists. The methodology used is based on an economic and statistical analysis of the interaction of the labour market and the higher education market, with the determination of the type of interaction under the influence of individual factor indicators of these markets and the use of systematic and structural group data. As a result of quantitative analysis, the lack of elasticity between the supply of universities and the needs of the labour market was revealed. The imbalance has led to the fact that in the sectors of the economy of Kazakhstan, there is a shortage in one industry and a surplus of personnel with higher education in another. The results of this study are important for stakeholders, such as politicians, universities, to solve the problems of unemployment among recent graduates.

Suggested Citation

  • Oxana Bezler & Teodor Sedlarski, 2022. "Quantitative Analysis of the Interaction of the Labor Market and the Higher Education Market (on the Example of Kazakhstan)," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 137-156.
    • Handle: RePEc:bas:econst:y:2022:i:2:p:137-156
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    References listed on IDEAS

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    1. Bacher, Johann & Koblbauer, Christina & Leitgöb, Heinz & Tamesberger, Dennis, 2017. "Small differences matter: How regional distinctions in educational and labour market policy account for heterogeneity in NEET rates," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 51(1), pages 1-4.
    2. Francis Green, 2012. "Employee Involvement, Technology and Evolution in Job Skills: A Task-Based Analysis," ILR Review, Cornell University, ILR School, vol. 65(1), pages 36-67, January.
    3. Catherine Barham & Annette Walling & Gareth Clancy & Stephen Hicks & Sarah Conn, 2009. "Young people and the labour market," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 3(4), pages 17-29, April.
    4. Bacher, Johann & Koblbauer, Christina & Leitgöb, Heinz & Tamesberger, Dennis, 2017. "Small differences matter: How regional distinctions in educational and labour market policy account for heterogeneity in NEET rates," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 51(1), pages .4(1-20).
    5. repec:iab:iabjlr:v:51:i:1:p:art.4 is not listed on IDEAS
    6. Hwan-Joo Seo & Young Soo Lee & Jai-Joon Hur & Jin Ki Kim, 2012. "The impact of information and communication technology on skilled labor and organization types," Information Systems Frontiers, Springer, vol. 14(2), pages 445-455, April.
    7. Adel Ben Youssef & Mounir Dahmani, 2008. "The Impact of ICT on Student Performance in Higher Education: Direct Effects, Indirect Effects and Organisational Change," Post-Print halshs-00936560, HAL.
    8. Johann Bacher & Christina Koblbauer & Heinz Leitgöb & Dennis Tamesberger, 2017. "Small differences matter: how regional distinctions in educational and labour market policy account for heterogeneity in NEET rates," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 51(1), pages 1-20, December.
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    Cited by:

    1. Adel Ben Youssef & Mounir Dahmani, 2008. "The Impact of ICT on Student Performance in Higher Education: Direct Effects, Indirect Effects and Organisational Change," Post-Print halshs-00936560, HAL.

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    More about this item

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • I2 - Health, Education, and Welfare - - Education
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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