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How does education affect labour market outcomes?

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  • Alina Mariuca Ionescu

    (Alexandru Ioan Cuza University of Iasi)

Abstract

The paper aims to identify and characterize certain relationships that might appear between the access to education and the labour market outcomes. It emphasizes several aspects of education influencing labour market outcomes pointing out which are the main outcomes impacted by education. The analysis is focused on 32 European countries, while data on United States and Japan are also considered. Within this study, the access to education is defined in terms of participation and investments (expenditure on education and research, financial aid to students, funding of education). Labour market outcomes are assessed mainly using different employment/ unemployment rates as well as elements of wages and earnings. The findings show that the higher one's level of education, the better one's chances of getting a job and keeping the status of employed person in times of crisis on labour market. A higher participation in education is not necessarily associated with a higher employment rate, since the entry on the labour market occurs for some individuals as an alternative to continuing their education.

Suggested Citation

  • Alina Mariuca Ionescu, 2012. "How does education affect labour market outcomes?," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 4(2), pages 130-144, Decembre.
    • Handle: RePEc:rse:wpaper:v:4:y:2012:i:2:p:130-144
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    References listed on IDEAS

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    2. Oluwasola E. Omoju & Emily E. Ikhide & Iyabo A. Olanrele & Lucy E. Abeng & Marjan Petreski & Francis O. Adebayo & Itohan Odigie & Amina M. Muhammed, 2023. "Empirical Review of Youth-Employment Policies in Nigeria," Papers 2310.07789, arXiv.org.
    3. Ahmed SALAMA, 2017. "How Literacy Affects Unemployment Among Different Age Groups In Palestine," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 15, pages 363-371, December.
    4. Hasmik Hovakimyan & Milena Klimek & Bernhard Freyer & Stefan Vogel, 2021. "Participation in Higher Education Curricula Development in Armenia and Possible Effects for the Labour Market—The Case of an “Organic Agriculture” Master’s Program," Social Sciences, MDPI, vol. 10(9), pages 1-15, September.
    5. Eduardo Rodríguez Juárez, 2021. "Efecto de la educación en la precarización del trabajo en tiempos de la COVID-19 en México," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(3), pages 1-21, Julio - S.
    6. Martin Mulwa & Timothy Gichana, 2020. "Does education reduce gender differentials in labor market participation? A Kenyan perspective," African Development Review, African Development Bank, vol. 32(3), pages 446-458, September.
    7. Gawrycka, Małgorzata & Kujawska, Justyna & Tomczak, Michał T., 2021. "Self-assessment of competencies of students and graduates participating in didactic projects – Case study," International Review of Economics Education, Elsevier, vol. 36(C).

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    More about this item

    Keywords

    education; labour market; labour market outcomes.;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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