Higher Education and the School-Work Mismatch in an Evolving Labor Market
22 Pages Posted: 9 Jan 2020 Last revised: 11 Jan 2020
Date Written: December 16, 2019
In relation to an evolving labor market, the main focus of this paper is to examine whether the traditional model of higher education is effectively matching graduate skills to labor market demand. In light of a growing student debt burden and proposals for significant expansions in higher education funding aid, this paper also assesses the orthodox view that a traditional college education is a human capital investment that yields a growing college wage premium. The paper reviews the existing literature on the school-work skills mismatch and concludes that there may be a need to rethink higher education policies to prepare future generations for an increasingly dynamic and evolving labor market.
Keywords: higher education, skills mismatch, human capital investment, tech- nological change, returns to education, vocational training
JEL Classification: O33, J62, J24, I26
Suggested Citation: Suggested Citation