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What Is the Cause of Graduates’ Unemployment? Focus on Individual Concerns and Perspectives

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  • Youngsik Hwang

Abstract

The graduate unemployment rate is one of the current issues being discussed by higher education scholars. College students spend their time and money in order to receive educational advantages unavailable to high school graduates. So if they face unemployment, they are more vulnerable to unfavorable economic conditions because they have already spent their resources pursuing higher education. This paper examines the reasons why college graduates are facing unemployment in the competitive market. There are several factors that explain their unemployment status, and this paper identifies each component at an individual level. With specific analysis of the unemployment phenomena, this paper provides direction for further research.

Suggested Citation

  • Youngsik Hwang, 2017. "What Is the Cause of Graduates’ Unemployment? Focus on Individual Concerns and Perspectives," Journal of Educational Issues, Macrothink Institute, vol. 3(2), pages 110-110, December.
    • Handle: RePEc:mth:jeijnl:v:3:y:2017:i:2:p:110
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    References listed on IDEAS

    as
    1. Jeremy Arkes, 2010. "Using Unemployment Rates as Instruments to Estimate Returns to Schooling," Southern Economic Journal, John Wiley & Sons, vol. 76(3), pages 711-722, January.
    2. Kristopher Gerardi & Kyle F. Herkenhoff & Lee E. Ohanian & Paul S. Willen, 2018. "Can’t Pay or Won’t Pay? Unemployment, Negative Equity, and Strategic Default," The Review of Financial Studies, Society for Financial Studies, vol. 31(3), pages 1098-1131.
    3. Jinzhu Chen & Prakash Kannan & Prakash Loungani & Bharat Trehan, 2012. "New evidence on cyclical and structural sources of unemployment," Proceedings, Federal Reserve Bank of San Francisco, issue March, pages 1-23.
    4. Kalie Pauw & Haroon Bhorat & Sumayya Goga & Liberty Ncube & Morne Oosthuizen & Carlene van der Westhuizen, 2006. "Graduate Unemployment in the Context of Skills Shortages, Education and Training: Findings from a Firm Survey," Working Papers 06115, University of Cape Town, Development Policy Research Unit.
    5. Jeremy Arkes, 2010. "Using Unemployment Rates as Instruments to Estimate Returns to Schooling," Southern Economic Journal, John Wiley & Sons, vol. 76(3), pages 711-722, January.
    6. Sparber, Chad & Fan, Jasmine Sijie, 2011. "Unemployment, Skills, and the Business Cycle Since 2000," Working Papers 2011-04, Department of Economics, Colgate University, revised 12 Sep 2012.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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