The transition from school to work can be a difficult period associated with spells of unemployment. Data show that those who leave school early have comparatively low skills and low educational attainment and face the greatest challenges in the labour market compared to their peers who stayed in education longer. Efforts should be made to ensure…

Equity is a fundamental value and guiding principle of education policy and practice, but it is not necessarily actualised in schools and education systems around the world. There are large variations across PISA-participating countries and economies in the magnitude of the difference that socio-economic status makes in students' learning,…

Job involvement-alienation was studied over three time points with a sample of undergraduate engineers undergoing a career transition from university to paid employment. Data from Newton and Keenan (1991) were re-analyzed under a latent growth curve modelling (LGCM) perspective, in order to provide an alternative analysis of the development of job…

This article examines whether rising tuition fees for post-secondary education are a contributing factor in students' labour market decisions. When labour market decisions for total number of working hours and for participation were measured, the results suggested that concerns about increased tuition fees leading to more work and compromising…

This paper employs conditional second moments to identify the impact of education in wage regressions where education is treated as endogenous. This approach avoids the use of instrumental variables in a setting where instruments are frequently not available. We employ this methodology to estimate the returns to schooling for a sample of…

Though the importance of college is well recognized (Heckert & Wallace, 1998; Arney, Hardeback, Estrada & Permenter, 2006), there continues to be debate about whether a specific major or choice of college affects a person's future success as measured by position and/or compensation. As college costs have risen faster than income (Anonymous,…

There is much disagreement in the literature over the extent to which graduates are mismatched in the labour market and the reasons for this. In this paper we utilise the Flexible Professional in the Knowledge Society (REFLEX) data set to cast light on these issues, based on data for UK graduates. We find substantial pay penalties for…

This paper aims to provide metro, state, and national policy makers with a better sense of the specific problems facing metropolitan labor markets. First, the analysis examines trends in the demand for educated labor and how a gap between education supply and demand is related to unemployment. Next, it attempts to distinguish between cyclical and…

A system of qualification options has evolved that is complementary to company-based and school-based vocational training. Thus far, these alternatives have been largely disregarded by vocational education research. Yet with respect to the number of annual entries, those alternatives are currently nearly as significant as conventional vocational…

This article examines the economic effect of education in terms of its impact on the earnings of workers in an information technology (IT)-diffusing economy, based on data from Hong Kong's 2006 by-census and survey on the usage and penetration of IT in industries. Education enhances the productivity of workers and increases their lifetime incomes.…

In Project STAR, 11,571 students in Tennessee and their teachers were randomly assigned to different classrooms in their schools from kindergarten to 3rd grade. Researchers learned that kindergarten test scores are highly correlated with such outcomes as earnings at age 27, college attendance, home ownership, and retirement savings. Students who…

In this paper, we examine the college major choice decision in a risk and return framework using university entrance exam data from Turkey. Specifically we focus on the choice between majors with low income risk such as education and health and others with riskier income streams. We use a unique dataset that allows us to control for the choice set…

This paper uses a new data-set for cumulative national investment in formal schooling and a new instrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of…

The aim of this article is to compare the schooling levels of individuals with the demands of the Brazilian labour market. The results demonstrate the high probability of compatibility between occupation and schooling levels. But high propensities for under-education were identified associated with the skin colour and position in the family. The…

This paper presents the results of an empirical investigation trying to explain individual time-to-degree variances with business cycle fluctuations. Assuming that students determine the optimum study length at university weighing up the cost of an additional semester against the consumption benefit of studying and not yet working, the general…