The Economic Value of Education.

Vaizey, John; Schultz, Theodore W.; Harbison, Frederick H.; Meyers, Carol

doi:10.2307/2228303

Cited by 3 publications

(5 citation statements)

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“…The economic theory inferred that there is an inverse relationship between education and unemployment-namely, the higher the educational level, the lower the unemployment rate (Schultz, 1963). Winkelmann (2009) and Guardiola and Guillen-Royo (2014) all suggested that individuals with more social capital are sheltered from the harmful effect of unemployment; they are not only less likely to become unemployed, but they also experience a smaller well-being loss when unemployed.…”

Section: Education and Employabilitymentioning

confidence: 99%

Matching University Graduates’ Competences with Employers’ Needs in Taiwan

Ho¹

2015

IES

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The dramatic expansion of the number of higher educational institutions in Taiwan has contributed a great deal to the growing unemployment rate of university graduates. Given the accumulated number of students who graduated in previous years and failed to find a job, the pressure of finding a job is growing each year. On the other hand, however, many employers lamented that they are struggling to find qualified job candidates. The major reason for this mismatch is that the traditional university instruction that most graduates receive is no longer adequate for the changing demands of the new market, and employers are also failed to notice that the definition of a good job perceived by students is very different from decades ago. To address this mismatch, it is important to understand what employers want in graduates and what students are seeking in a job. By administering questionnaires to both employers and university students, we endeavor to identify the component of a good job perceived by students, and skills demanded by employers for work accomplishment. Questionnaires were administered to 250 students and 250 employers, and many differences between the two parties were identified. Suggestions were given for students, universities, and employers to narrow the talent gap between employers and university graduates.

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Section: Education and Employabilitymentioning

confidence: 99%

Matching University Graduates’ Competences with Employers’ Needs in Taiwan

Ho¹

2015

IES

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“…Mientras que Schultz (1963) se centra en categorizar a los agentes desde las dimensiones cualitativa y cuantitativa. La cualitativa comprende la búsqueda del agente por determinar aquello en lo que él se considera "bueno".…”

Section: Marco Teóricounclassified

“…Siguiendo los planteamientos de Maslow (1958) y McGregor (1994), se enfoca en argumentar que esta búsqueda por parte del agente lo lleva a la autorrealización como ser. La cuantitativa comprende que aumentar los años de educación formal del agente hace que su nivel de productividad aumente, dando lugar a mayores ingresos futuros (Schultz, 1963).…”

Section: Marco Teóricounclassified

Retornos salariales de los graduados del programa de Administración Pública de la ESAP

Alape Gamez,

Alape Gamez

2024

soc.eco

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El propósito de esta investigación es identificar los factores que influyen en los retornos salariales de los egresados de Administración Pública de la Escuela Superior de Administración Pública (ESAP). Se llevó a cabo una caracterización de la estructura laboral utilizando datos de la Encuesta de Egresados correspondiente al año 2021. La base conceptual de este análisis se fundamenta en la Teoría del Capital Humano, y la metodología se basa en una extensión de la función de retornos propuesta por Mincer. Los modelos estimados revelan que niveles más altos de educación están asociados con mayores ingresos medios. Sin embargo, también se identificaron posibles brechas salariales entre los graduados con especialización y maestría en Administración Pública, ya que estos últimos ganan entre un 4% y un 26% más que aquellos con título de pregrado.

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“…Education has substantial positive impacts on economic growth rates through various channels: increasing literacy and productivity (Goldin, 2016;Patrinos and Psacharopoulos, 2020;Schultz, 1961Schultz, , 1963, offering spillover effects from new knowledge and technology (Darku, 2021;Fagerberg et al, 2010;Nelson and Phelps, 1966;Romer, 1990a;Song et al, 2019), facilitating the use of new technology (Nelson and Phelps, 1966), decreasing fertility rates (Barro, 1991;The Economist, 2019) and lowering income inequality (Barro, 2000). Most countries have three main education provisions: primary, secondary and tertiary.…”

Section: Introductionmentioning

confidence: 99%

“…Economists later started exploring the idea of human capital investment (Becker, 1964), and many - Schultz (1961Schultz ( , 1963, Denison (1962) and Krueger (1968) attempted to quantify the importance of education to economic growth. These endeavors then inspired governments, development partners and educators worldwide.…”

Section: Introductionmentioning

confidence: 99%

Educational achievements and export earnings: a comparison between leader and follower countries

Alam

Forhad

2023

IJCED

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PurposeThis study examines whether education in developing countries directly impacts their foreign income from the top export sector.Design/methodology/approachAs most developing countries follow developed nations to shape their development, this study assumes developing countries as education-follower and developed countries as education-leader countries. Considering selected countries from the South Asian Regional Cooperation (SAARC) and African countries as follower countries and Group of Seven (G7) as leader countries, this study employs Dumitrescu-Hurlin Granger non-causality tests.FindingsThis study finds that education-follower countries' achievements do not directly impact foreign earnings from their leading export sectors. However, findings also confirm that leader countries have a bidirectional causal relationship between tertiary education and earnings from high technology exports.Originality/valueTo the best of the authors' knowledge, this is the first study urging research-intensive education with comparative advantages in international trade. Using educational attainment on export earnings from the leading sector, findings support dependency theory in education is still existed.

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The Economic Value of Education.

Cited by 3 publications

References 0 publications

Matching University Graduates’ Competences with Employers’ Needs in Taiwan

Matching University Graduates’ Competences with Employers’ Needs in Taiwan

Retornos salariales de los graduados del programa de Administración Pública de la ESAP

Educational achievements and export earnings: a comparison between leader and follower countries

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