Enhancing the link between higher education and employment

Kye Woo Lee and Miyeon Chung

International Journal of Educational Development, 2015, vol. 40, issue C, 19-27

Abstract: This study aims to improve the efficiency of fiscal assistance programs for higher education by investigating those variables that influence college graduates’ employment rates. An empirical analysis of 2010–2011 higher education statistics shows that two variables – educational expenditure per student and the number of students per full-time faculty member – consistently and significantly affect college graduates’ employment rates, even after location and type of school are controlled. Although scholarship rates also affect employment rates positively, the number of students per industry–academe liaison officer does not have a statistically significant effect. Moreover, as educational expenditure per student or the student/faculty ratio increases beyond a certain level, graduate employment improves at an increasing rate. The two variables also affect the employment rate interactively. At a relatively higher level of per-student expenditure, employment rates increase even as the student/faculty ratio rises. However, at a relatively lower level of per-student expenditure, employment rates decline as the student/faculty ratio rises.

Keywords: Educational policy; Fiscal assistance programs; Higher education; Employment rates; Effectiveness (search for similar items in EconPapers)
JEL-codes: I22 I28 J23 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:injoed:v:40:y:2015:i:c:p:19-27

DOI: 10.1016/j.ijedudev.2014.11.014

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