Education and Employment: Evidence from Selected OECD Countries

Müzeyyen Merve Şerifoğlu

Prague Economic Papers, 2023, vol. 2023, issue 5, 569-588

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.

Keywords: Education level; distribution; employment; system GMM (search for similar items in EconPapers)
JEL-codes: I23 I26 I28 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.18267/j.pep.839

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