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Medientyp:
E-Artikel
Titel:
Is Higher Education Expansion Related to Increasing Unemployment Rates? : A Comparative Analysis of Japan, South Korea, and Taiwan
:
<i>A Comparative Analysis of Japan, South Korea, and Taiwan</i>
Beteiligte:
Yang, Cheng-Cheng;
Chan, Sheng-Ju
Erschienen:
SAGE Publications, 2016
Erschienen in:International Journal of Chinese Education
Beschreibung:
<jats:p>A wide range of rationales can be used to expand participation in higher education. It is commonly believed that a highly educated workforce serves as a primary driver in elevating the productivity and efficiency of the industrial sector in general. Empirical evidence even suggests that over a lifetime, university graduates earn more than those with other educational attainments.<jats:sup>1</jats:sup>However, an emerging counter-argument states that the supply of graduates might exceed the demand as there are not many graduate-level job vacancies. Against such a broad context, this article adopts longitudinal and comparative stances to investigate the extent to which higher education expansion is related to the unemployment rate in three East Asian societies: Japan, South Korea, and Taiwan. Our empirical data show that the massification of higher education does matter, particularly beyond enrollment rates of more than 50%. Although universal access to higher education provides a more highly skilled workforce to knowledge-based economies, it might also lead to a higher unemployment rate, particularly in South Korea and Taiwan.</jats:p>