IDEAS home Printed from https://ideas.repec.org/a/eee/injoed/v40y2015icp19-27.html
   My bibliography  Save this article

Enhancing the link between higher education and employment

Author

Listed:
  • Lee, Kye Woo
  • Chung, Miyeon

Abstract

This study aims to improve the efficiency of fiscal assistance programs for higher education by investigating those variables that influence college graduates’ employment rates. An empirical analysis of 2010–2011 higher education statistics shows that two variables – educational expenditure per student and the number of students per full-time faculty member – consistently and significantly affect college graduates’ employment rates, even after location and type of school are controlled. Although scholarship rates also affect employment rates positively, the number of students per industry–academe liaison officer does not have a statistically significant effect. Moreover, as educational expenditure per student or the student/faculty ratio increases beyond a certain level, graduate employment improves at an increasing rate. The two variables also affect the employment rate interactively. At a relatively higher level of per-student expenditure, employment rates increase even as the student/faculty ratio rises. However, at a relatively lower level of per-student expenditure, employment rates decline as the student/faculty ratio rises.

Suggested Citation

  • Lee, Kye Woo & Chung, Miyeon, 2015. "Enhancing the link between higher education and employment," International Journal of Educational Development, Elsevier, vol. 40(C), pages 19-27.
    • Handle: RePEc:eee:injoed:v:40:y:2015:i:c:p:19-27
    DOI: 10.1016/j.ijedudev.2014.11.014
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0738059314001229
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ijedudev.2014.11.014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hanushek, Eric A. & Pace, Richard R., 1995. "Who chooses to teach (and why)?," Economics of Education Review, Elsevier, vol. 14(2), pages 101-117, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dan He & Manxin Zheng & Wei Cheng & Yui-yip Lau & Qingmei Yin, 2019. "Interaction between Higher Education Outputs and Industrial Structure Evolution: Evidence from Hubei Province, China," Sustainability, MDPI, vol. 11(10), pages 1-19, May.
    2. Haifa Mefteh & Mabrouka Bouhajeb & Fakher Smaoui, 2016. "Higher education, Graduate unemployment, Poverty and Economic growth in Tunisia, 1990-2013," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 1, pages 1-1, June.
    3. Lee, Kyewoo & Chung, Miyeon, 2015. "Ways to Improve Government Subsidy Policies for Higher Educational Institutions to Enhance the Employment Rate of Their Graduates," KDI Focus 50, Korea Development Institute (KDI).
    4. Victoria Kakooza & Robert Wamala & James Wokadala & Thomas Bwire, 2019. "Do Graduates from Arts-Related Disciplines have a Higher Impact on Unemployment than Graduates from the Science-Related Disciplines?," International Journal of Higher Education, Sciedu Press, vol. 8(4), pages 1-52, August.
    5. Wasim Qazi & Syed Ali Raza & Arshian Sharif, 2017. "Higher Education Development and Unemployment in Pakistan: Evidence from Structural Break Testing," Global Business Review, International Management Institute, vol. 18(5), pages 1089-1110, October.
    6. Sorin Tudor & Teodor Florin Cilan & Luiza Loredana Năstase & Mihaela Loredana Ecobici & Elena Rodica Opran & Andrei Valentin Cojocaru, 2023. "Evolution of Interdependencies between Education and the Labor Market in the View of Sustainable Development and Investment in the Educational System," Sustainability, MDPI, vol. 15(5), pages 1-24, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sean P. Corcoran & William N. Evans & Robert S. Schwab, 2002. "Changing Labor Market Opportunities for Women and the Quality of Teachers 1957-1992," NBER Working Papers 9180, National Bureau of Economic Research, Inc.
    2. Podgursky, Michael & Monroe, Ryan & Watson, Donald, 2004. "The academic quality of public school teachers: an analysis of entry and exit behavior," Economics of Education Review, Elsevier, vol. 23(5), pages 507-518, October.
    3. Caroline M. Hoxby, 2002. "Would School Choice Change the Teaching Profession?," Journal of Human Resources, University of Wisconsin Press, vol. 37(4), pages 846-891.
    4. Eric J. Brunner & Jennifer Imazeki, 2010. "Probation Length and Teacher Salaries: Does Waiting Pay Off?," ILR Review, Cornell University, ILR School, vol. 64(1), pages 164-180, October.
    5. Reback, RandallRandall, 2004. "The impact of college course offerings on the supply of academically talented public school teachers," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 377-404.
    6. Chen, Dandan, 2009. "The economics of teacher supply in Indonesia," Policy Research Working Paper Series 4975, The World Bank.
    7. Steingrimsdottir, Herdis, 2020. "The decreased popularity of the teaching sector in the 1970s," Economics of Education Review, Elsevier, vol. 74(C).
    8. Lankford, Hamilton & Wyckoff, James, 1997. "The changing structure of teacher compensation, 1970-1994," Economics of Education Review, Elsevier, vol. 16(4), pages 371-384, October.
    9. Angrist, Joshua D. & Guryan, Jonathan, 2008. "Does teacher testing raise teacher quality? Evidence from state certification requirements," Economics of Education Review, Elsevier, vol. 27(5), pages 483-503, October.
    10. Jones, Michael D., 2013. "Teacher behavior under performance pay incentives," Economics of Education Review, Elsevier, vol. 37(C), pages 148-164.
    11. Denzler, Stefan & Wolter, Stefan C., 2008. "Self-Selection into Teaching: The Role of Teacher Education Institutions," IZA Discussion Papers 3505, Institute of Labor Economics (IZA).
    12. Eric A. Hanushek & EJohn F. Kain & Steven G. Rivkin, 2004. "Why Public Schools Lose Teachers," Journal of Human Resources, University of Wisconsin Press, vol. 39(2).
    13. Hanushek Eric A., 2005. "The Economics of School Quality," German Economic Review, De Gruyter, vol. 6(3), pages 269-286, August.
    14. Stefan C. Wolter & Stefan Denzler, 2004. "Wage elasticity of the teacher supply in Switzerland," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 47(3-4), pages 387-408.
    15. Eric A. Hanushek, 2004. "Some Simple Analytics of School Quality," NBER Working Papers 10229, National Bureau of Economic Research, Inc.
    16. Hanushek, Eric A., 2011. "The economic value of higher teacher quality," Economics of Education Review, Elsevier, vol. 30(3), pages 466-479, June.
    17. Arias J. J. & Scafidi Benjamin, 2009. "When Does Teacher Licensure Make Sense?," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-46, February.
    18. Hanushek, Eric A. & Luque, Javier A., 2003. "Efficiency and equity in schools around the world," Economics of Education Review, Elsevier, vol. 22(5), pages 481-502, October.
    19. Donald Boyd & Hamilton Lankford & Susanna Loeb & James Wyckoff, 2013. "Analyzing the Determinants of the Matching of Public School Teachers to Jobs: Disentangling the Preferences of Teachers and Employers," Journal of Labor Economics, University of Chicago Press, vol. 31(1), pages 83-117.
    20. David Bravo & Bárbara Flores & Patricia Medrano, 2010. "¿Se premia la habilidad en el mercado laboral docente? ¿Cuánto impacta en el desempeño de los estudiantes?," Working Papers wp327, University of Chile, Department of Economics.

    More about this item

    Keywords

    Educational policy; Fiscal assistance programs; Higher education; Employment rates; Effectiveness;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:injoed:v:40:y:2015:i:c:p:19-27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/international-journal-of-educational-development .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.