The Causes of Graduate Unemployment in India (1969)

M. Blaug and M. Woodhall

Chapter 11 in Tackling Unemployment, 1999, pp 289-292 from Palgrave Macmillan

Abstract: Abstract The figures in Table 11.1 show that all levels of education in India are profitable investments for private individuals at 8 per cent; indeed, they remain profitable even at cut-off rates as high as 10 per cent; at higher rates, a first degree at least ceases to be obviously profitable. Apart from the first general degree, however, the results are insensitive to alternative rates as high as 12 per cent. Thus, despite the fact that educated unemployment has eroded some of the financial returns of additional education, and despite the fact that there is a relatively high incidence of unemployment even for the better educated, additional education right up to the degree level still remains a profitable investment for the average Indian parent.

Keywords: Labour Market; Reservation Price; Additional Education; Crude Rate; Private Rate (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1057/9780230379206_11

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