Sheepskin Effects in the Returns to Higher Education: New Evidence for Malaysia

Abstract

The aim of this study is to distinguish between the returns to education from mere years of schooling as a reflection of their productive-enhancing contribution (human capital

Spillover Effects of Inward Foreign Direct Investment on Labour Productivity: An Analysis on Skill Composition in Manufacturing Industry

“…The present study suggests that education and training should be complementary to the technological change to solve for the available skill that is no longer required by firms as well as the short fall in the skills available for workers (Yunus, 2017;Yunus & Hamid, 2017;Yunus, 2018). Apart from that, there needs to be a co-operation between universities and industries so as to ensure that the transfer of commercial knowledge from universities to practitioners or transfer of technology-universities (UITT) can be made through licensing agreements, research collaborations.…”

Determinants of Foreign Direct Investment: An Analysis on Policy Variables in the Malaysian Manufacturing Industry

“…Degree holders are generally more adept at the theoretical aspects of the industry but are rather inept when it comes to skills. Firms might perceive this ineptitude as a hindrance to the degree holders adapting to the ever-changing nature and technology of the industry (Yunus, 2017a;Yunus, 2017b).…”

“…This is in line with Industry 4.0 that sees many changes due to the advancement of technologies and also to provide the workplace with ready and able talent. The strategy must be reinforced by law through compulsory requirement for industries or other bodies to engage with Institutions of Higher Learning (Yunus, 2017b).Lastly, this study reveals that with a talented workforce that matches market demand, structural reforms from a labour-intensive to a knowledge-driven economy, technology, innovation, and strong institutions, Malaysia will be able to compete with our regional competitors such as Singapore, Indonesia, Vietnam and Thailand to attract foreign investment, which in turn will create more valueadded jobs. With more and better jobs, the young generation will not only be able to survive but to thrive in today's competitive and globalised world.…”

Interpreting the Sustainable Development of Human Capital and the Sheepskin Effects in Returns to Higher Education: Empirical Evidence from Pakistan

“…In general, very few studies have been conducted on the issue in non-developed countries. A Malaysian study [18] reported that university dropouts are able to get higher rate of returns than post-secondary diploma holders because dropouts invest more years in schooling and consequently earning rates become higher for them. Nevertheless, it is acknowledged that university dropouts accumulate more cognitive skills and knowledge due to more investment in human capital compared to secondary schooling.…”