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Ketaksepadanan Pekerjaan dan Inflasi Pendidikan

Author

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  • Osman, Zulkifly

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 UKM Bangi Selangor MALAYSIA)

  • Shahiri, Hazrul Izuan

    (Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 UKM Bangi Selangor MALAYSIA)

Abstract

Excessive educational investment not only will lead to an increase in the number of educated unemployed but also will create occupational mismatch as a result of being employed in occupations where the level of education is lower than their own education level. This phenomenon can create educational inflation if the net rate of return to education is negative. A total sample of 1,117 employees in Southern Peninsular Malaysia covering the states of Johor, Malacca and Negeri Sembilan were collected in a 2011/2012 survey to test this phenomenon. The results show there is indeed a phenomenon of occupational mismatch in the labour market. The estimated results on this phenomenon based on modified income model of Mincer (1974) show that the rate of return to education has declined and being negative, which could translate into a potential of educational inflation.

Suggested Citation

  • Osman, Zulkifly & Shahiri, Hazrul Izuan, 2013. "Ketaksepadanan Pekerjaan dan Inflasi Pendidikan," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 47(2), pages 137-147.
    • Handle: RePEc:ukm:jlekon:v:47:y:2013:i:2:p:137-147
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    Cited by:

    1. Salwaty Jamaludin & Rusmawati Said & Normaz Wana Ismail & Norashidah Mohamed Nor, 2021. "Are Jobs Available in the Market? A Perspective from the Supply Side," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    2. Hazrul Shahiri & Kamal Azri Husin & Wye Chung Khain, 2023. "The Effect of Job Rotation in a Fixed Wage Setting Model," SAGE Open, , vol. 13(1), pages 21582440231, February.
    3. Hazrul Shahiri & Zulkifly Osman & Kihong Park, 2016. "Union relevance in the Malaysian labour market," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 30(2), pages 45-56, November.

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