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ERIC Number: ED014144
Record Type: RIE
Publication Date: 1966-May
Pages: 16
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
HIGHER EDUCATION AND UNEMPLOYMENT--SOME PARADOXES.
EVANS, ROBERT C.
TWO ECONOMIC FACTORS MOTIVATE YOUNG PEOPLE TO CONTINUE THEIR EDUCATION--INCREASE IN EMPLOYMENT AND INCOME PROSPECTS, AND THREAT OF UNEMPLOYMENT. BECAUSE THE AVERAGE EDUCATIONAL LEVEL OF THE WORK FORCE HAS INCREASED, HIGHER EDUCATION SERVES AS AN ALTERNATIVE TO UNEMPLOYMENT. IN A STUDY OF THE VALUE OF A COLLEGE EDUCATION, MILLER AND GLICK ESTIMATED THE MONEY VALUE OF A COLLEGE EDUCATION TO BE $103,000. SCHULTZ HAS FOUND THAT A COLLEGE EDUCATION INCREASES ITS REWARDS OVER TIME. A LARGER PERCENTAGE OF FIRST DEGREE GRADUATES NOW CONTINUE STUDY FOR ADVANCED DEGREES. SCITOVSKY FINDS THAT THE LONG-RUN TREND OF PROFESSIONALS' INCOME IS RELATIVELY DECLINING BECAUSE OF THE INCREASING SUPPLY OF EDUCATED PEOPLE. JOB UPGRADING RESULTS FROM THE INCREASED SUPPLY OF EDUCATED PEOPLE, AND THIS TAKES ITS FINAL FORM AS YOUTH UNEMPLOYMENT. THIS PAPER APPEARS IN "SENIOR SEMINAR IN ECONOMIC RESEARCH," SPRING TERM, MAY, 1966, AND IS ALSO AVAILABLE FROM THE ECONOMICS DEPARTMENT, SAN JOSE STATE COLLEGE, SAN JOSE, CALIFORNIA. (HW)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: San Jose State Coll., CA.
Identifiers: California (San Jose)