What’s your Degree Worth? Return to Education, Employability, and Upskilling Workforce in Pakistan
Saman Nazir and
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Saman Nazir: Pakistan Institute of Development Economics
Hafsa Hina: Pakistan Institute of Development Economics
No 2023:101, PIDE Knowledge Brief from Pakistan Institute of Development Economics
With an overabundance of unemployed/underemployed university graduates and a scarcity of qualified skilled workers, Pakistan’s education and labor markets are structurally unbalanced. The focus on expanding educational access has fallen short of ensuring the labor force’s competitiveness in the country. Workforce skilling or upskilling with smart integration into global value chains and local market needs has received structurally insufficient attention. The shortage of skilled workforce is discussed repeatedly (ILO, 2022; Tribune, 2021). The nexus between the returns to conventional and skilled education, employability, and barriers to up/skilling the workforce is imperative to understand, as it may provide a holistic insight into gaps that are curial to address.
Keywords: Graduate; Unemployment (search for similar items in EconPapers)
Pages: 8 pages
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