A0431
Title: Employment of tertiary education graduates: International statistical comparisons
Authors: Maria Frolova - SquirrLE school (Thailand) [presenting]
Abstract: Statistical patterns are identified and evaluated in the relationship between the level of economic development of a country and the share of the population with tertiary education diplomas, as well as the composition of university graduates by the education levels, using the data of OECD countries. Cross-country comparative elasticity of employment is analyzed by the level and composition of the working-age population (tertiary education graduates). The choice of educational program level depends on the current economic situation in the country, certain demand for labor force, the income level of households, as well as the ability of the population to foresee the leading industries and prospects for the country's development. OECD countries were divided into clusters based on the indicators: the share of Bachelor program graduates in total number of graduates, the share of Master program graduates in total number of graduates, the share of short-term courses graduates in the total number of graduates, the share of PhD graduates in the total number of graduates. The author developed multi-factor regression models of the dependence of the level of employment on the weight and composition of the population with tertiary education diplomas. The models were compared among the clusters, and specific characteristics of the labor market patterns were established. Comparative assessments of the efficiency of higher education were accomplished.
