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Skills shortages, over-education, and youth: the international dilemma

Worldwide, a paradox is hindering economic growth. Many nations have severe shortages of technicians concurrent with high rates of over-education among four year college graduates. The fundamental causes are over-investments in university level education that result from labour market/social misconceptions by policy makers, youth and parents regarding the global high-skills/high-wage labour market. Eight recommendations are made to solve this dilemma. All speak to the importance of technical vocational education (TVE) in creating economic growth and individual opportunity.

Worldwide, a paradox is hindering economic growth. Many nations have severe shortages of technicians concurrent with high ...  Show Full Abstract  

Authors: Gray, Kenneth; Bae, Sang Hoon
Date: 2005
Journal title: Journal for vocational and technical education and training
Resource type: Article
Subjects: Skills and knowledge; Labour market; Students;
Providers of education and training; Economics; Vocational education and training show more

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