Education and Domestic Labor Markets
Individuals and governments invest in education expecting, among other things, to obtain higher economic returns. Individuals make schooling decisions with an eye on the types of employment choices and earnings they will garner over their working lifetime. Governments expect a more educated workforce to contribute to higher rates of economic growth and improved productivity, leading to improved living standards for all. However, these expectations may go unfulfilled if the labor markets do not fully absorb the educated workforce and allocate them to their most productive uses.
View full text ››
Print 
Email 
Comment 
Add content
Contributor:
Giulia D'Amico
Published Date:
May 6, 2008
|
|