Government Intervention in Postsecondary Education in Bulgaria

Pavlin Bonev

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, based on report published by the Bulgarian National Audit Office with reference to public university graduates entering the labor market, I try to outline possible ways to overcome labor market failure problem forced by inefficient public university funding. It is the Bulgarian Government and in particular Ministry of Education, Youth and Science that perform policy to contribute to achieve postsecondary labor market equilibrium. Based on the report findings, I argue that the subsidies allocated for public universities are quite high compared to the funds adopted for health services for example. It is not the high acceptance rate that are being achieved, but the admission quotas that are being defined by universities. I consider this as a precondition for the labor market failure problem. Thus supply and demand on specialists with university degree on labor market is unbalanced. This creates risk for inadequate managerial decisions when developing strategies and policies in the fields of labor market and university education. As a result labor market is saturated with specialists with some occupations, and shortage with others.

Keywords: public university funding; labor market failure problem; positive externalitites; postsecondary education (search for similar items in EconPapers)
JEL-codes: I23 I24 I25 I28 J24 (search for similar items in EconPapers)
Date: 2013-12-21
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