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Education and Employment: Evidence from Selected OECD Countries

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  • Müzeyyen Merve Şerifoğlu

Abstract

The objective of the paper is to investigate the relationship between education and employment level in 27 member countries of OECD over the period 1998-2019. To achieve this, the paper first analyses the effect of the number of graduates from upper secondary, post-secondary and tertiary education programmes. Additionally, the paper constructs an education index which covers graduates from upper secondary, post-secondary and tertiary education programmes. After calculating distribution of graduates using the standard deviation method, the paper employs two-step system GMM developed by Arellano and Bover (1995) and Blundell and Bond (1998). The findings show that graduates from upper secondary, post-secondary and tertiary education, as well as the distribution of graduates, have a positive effect on employment, respectively. It is expected that policymakers consider the effect of graduates from different education levels on employment to design substantial education and employment strategies.

Suggested Citation

  • Müzeyyen Merve Şerifoğlu, 2023. "Education and Employment: Evidence from Selected OECD Countries," Prague Economic Papers, Prague University of Economics and Business, vol. 2023(5), pages 569-588.
    • Handle: RePEc:prg:jnlpep:v:2023:y:2023:i:5:id:839:p:569-588
    DOI: 10.18267/j.pep.839
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    References listed on IDEAS

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    1. Fertig, Michael & Wright, Robert E., 2005. "School quality, educational attainment and aggregation bias," Economics Letters, Elsevier, vol. 88(1), pages 109-114, July.
    2. Stephen Bond, 2002. "Dynamic panel data models: a guide to microdata methods and practice," CeMMAP working papers 09/02, Institute for Fiscal Studies.
    3. Hanushek, Eric A. & Link, Susanne & Woessmann, Ludger, 2013. "Does school autonomy make sense everywhere? Panel estimates from PISA," Journal of Development Economics, Elsevier, vol. 104(C), pages 212-232.
    4. Maddala, G S & Wu, Shaowen, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 631-652, Special I.
    5. Stephen Bond, 2002. "Dynamic panel data models: a guide to microdata methods and practice," CeMMAP working papers CWP09/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    6. Stephen R. Bond, 2002. "Dynamic panel data models: a guide to micro data methods and practice," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 1(2), pages 141-162, August.
    7. Park, Jungsoo, 2006. "Dispersion of human capital and economic growth," Journal of Macroeconomics, Elsevier, vol. 28(3), pages 520-539, September.
    8. G. S. Maddala & Shaowen Wu, 1999. "A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(S1), pages 631-652, November.
    9. Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(4), pages 1127-1170.
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    More about this item

    Keywords

    Education level; distribution; employment; system GMM;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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