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Educated Unemployed, Educational Subsidies and Growth

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  • T. DATTA CHAUDHURI

    (University, Baltimore, Maryland,USA.)

  • M. ALl KHAN

    (University, Baltimore, Maryland,USA.)

Abstract

The subject matter of the present study is educated unemployment, a commonly observed phenomenon, especially in some of the more populous LDCs like India. Such an inquiry is warranted for two different reasons. First of all, it is a common observation that educated unemployment does not deter the demand for education; see, for example, Blaug et al. [3]. The question that needs to be answered is why do people go in for education in spite of this widespread unemployment? Secondly, it is an important policy question for governments of such LDCs as to whether education should be subsidized or not.

Suggested Citation

  • T. DATTA CHAUDHURI & M. ALl KHAN, 1984. "Educated Unemployed, Educational Subsidies and Growth," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 23(2-3), pages 395-412.
    • Handle: RePEc:pid:journl:v:23:y:1984:i:2-3:p:395-412
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    References listed on IDEAS

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    1. Obstfeld, Maurice, 1981. "Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1142-1161, December.
    2. Calvo, Guillermo A & Rodriguez, Carlos Alfredo, 1977. "A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 617-625, June.
    3. Assaf Razin, 1972. "Optimum Investment in Human Capital," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(4), pages 455-460.
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    Cited by:

    1. Upadhyay, Mukti P., 1997. "Can public sector employment spur human capital acquisition?," Economics Letters, Elsevier, vol. 56(1), pages 121-127, September.
    2. Autsawin Suttiwichienchot & Nattapong Puttanapong, 2014. "A Study on Internal Labor Movement and Policy Multiplier in Thailand," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 2(3), pages 57-68.

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