Higher Education and the School-Work Mismatch in an Evolving Labor Market

22 Pages Posted: 9 Jan 2020 Last revised: 11 Jan 2020

See all articles by Veronique de Rugy

Veronique de Rugy

George Mason University - Mercatus Center

Jack Salmon

Mercatus Center - George Mason University

Date Written: December 16, 2019

Abstract

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

de Rugy, Veronique and Salmon, Jack, Higher Education and the School-Work Mismatch in an Evolving Labor Market (December 16, 2019). Mercatus Research Paper, Available at SSRN: https://ssrn.com/abstract=3515345 or http://dx.doi.org/10.2139/ssrn.3515345

Veronique De Rugy (Contact Author)

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://www.mercatus.org/scholars/veronique-de-rugy

Jack Salmon

Mercatus Center - George Mason University ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://https://www.mercatus.org/people/jack-salmon

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