Ketaksepadanan Pekerjaan dan Inflasi Pendidikan

Zulkifly Osman () and Hazrul Izuan Shahiri ()
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Zulkifly Osman: Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 UKM Bangi Selangor MALAYSIA
Hazrul Izuan Shahiri: Pusat Pengajian Ekonomi Fakulti Ekonomi dan Pengurusan Universiti Kebangsaan Malaysia 43600 UKM Bangi Selangor MALAYSIA

Jurnal Ekonomi Malaysia, 2013, vol. 47, issue 2, 137-147

Abstract: Excessive educational investment not only will lead to an increase in the number of educated unemployed but also will create occupational mismatch as a result of being employed in occupations where the level of education is lower than their own education level. This phenomenon can create educational inflation if the net rate of return to education is negative. A total sample of 1,117 employees in Southern Peninsular Malaysia covering the states of Johor, Malacca and Negeri Sembilan were collected in a 2011/2012 survey to test this phenomenon. The results show there is indeed a phenomenon of occupational mismatch in the labour market. The estimated results on this phenomenon based on modified income model of Mincer (1974) show that the rate of return to education has declined and being negative, which could translate into a potential of educational inflation.

Keywords: Occupational mismatched; educational inflation; labour market; over education; rate of return to education (search for similar items in EconPapers)
Date: 2013
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