Inflasi pendidikan mengikut ketentuan dalam pasaran buruh Malaysia

Translated title of the contribution: Education inflation based on Malaysian labour market indication

Zulkifly Osman, Ishak Yussof, Abu Hassan Shaari Md Nor

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

This paper estimates the returns to education inflation of workers in the labour market of selected services sector in Malaysia. Using a cross-section data of workers from a representative recent survey carried out with the financial support of FRGS 2007-2008, we compare educational attainment of workers and educational requirements of various occupations reported by workers in order to obtain a general specification of the earnings function. The results show that in an earnings specification model that includes the possibility of mismatch between educational attainment and requirement or known as 'education inflation', the rate of return to schooling is 13.8%. The penalty in the rate of return to education of every year of workers with education inflation is estimated at -2.76 percentage points. Nevertheless, since the net return is still positive, then education inflation cannot really be considered education surplus.

Original languageUndefined/Unknown
Pages (from-to)61-71
Number of pages11
JournalJurnal Ekonomi Malaysia
Volume44
Issue number1
Publication statusPublished - 2010

Fingerprint

Labour market
Inflation
Education
Workers
Educational attainment
Returns to education
Rate of return
Model specification
Returns to schooling
Service sector
Penalty
Cross section
Surplus
Malaysia
Earnings function
Financial support
Mismatch

Keywords

  • Education inflation
  • Education surplus
  • Graduate unemployment
  • Human capital
  • Over education

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Inflasi pendidikan mengikut ketentuan dalam pasaran buruh Malaysia. / Osman, Zulkifly; Yussof, Ishak; Md Nor, Abu Hassan Shaari.

In: Jurnal Ekonomi Malaysia, Vol. 44, No. 1, 2010, p. 61-71.

Research output: Contribution to journalArticle

Osman, Zulkifly ; Yussof, Ishak ; Md Nor, Abu Hassan Shaari. / Inflasi pendidikan mengikut ketentuan dalam pasaran buruh Malaysia. In: Jurnal Ekonomi Malaysia. 2010 ; Vol. 44, No. 1. pp. 61-71.
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