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Assessment of Sustainable Development of the Performance of Higher Education Credentials in the Transitive Labor Market

Aftab Ahmed Memon () and Zhimin Liu ()
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Aftab Ahmed Memon: College of Public Administration, Nanjing Agricultural University, Nanjing 210095, China
Zhimin Liu: College of Public Administration, Nanjing Agricultural University, Nanjing 210095, China

Sustainability, 2019, vol. 11, issue 9, 1-14

Abstract: Given the transitive challenges in the labor market, education can provide a sustainable developmental map for worldwide economic prosperity. Deep understanding of the dynamics of human capital, reflecting earnings aspirations in the labor market, indicates the need for policy makers to monitor and modify pedagogical curricula to meet the supply/demand of markets based on scientific evidence. In this study, we propose a methodology based on a household integrated economic survey (HIES) and, using different models, assess the impact of attained education and returns on the practical utility of skills within the context of a transitive labor market. We observe that effort levels are snowballing and rejection rates are declining for people with higher education (HE), whereas wage offers decline for people with low education (LE). Our results reveal significant differences in the supply/demand factors of both the public and private markets’ one-shot and continual affiliations. We conclude the impact of sheepskin effects and the implication of our findings.

Keywords: wage discrimination; sustainable development; sheepskin effects; supply/demand transition in labor market; higher education (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2019
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