Ketaksepadanan pekerjaan dan inflasi pendidikan

Translated title of the contribution: Occupational mismatch and educational inflation

Zulkifly Osman, Hazrul Izuan Shahiri

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Excessive educational investment not only will lead to an increase in the number of educated unemployed but also will create occupational mismatch as a result of being employed in occupations where the level of education is lower than their own education level. This phenomenon can create educational inflation if the net rate of return to education is negative. A total sample of 1,117 employees in Southern Peninsular Malaysia covering the states of Johor, Malacca and Negeri Sembilan were collected in a 2011/2012 survey to test this phenomenon. The results show there is indeed a phenomenon of occupational mismatch in the labour market. The estimated results on this phenomenon based on modified income model of Mincer (1974) show that the rate of return to education has declined and being negative, which could translate into a potential of educational inflation.

Original languageUndefined/Unknown
Pages (from-to)137-147
Number of pages11
JournalJurnal Ekonomi Malaysia
Volume47
Issue number2
Publication statusPublished - 2013

Fingerprint

Education
Inflation
Mismatch
Rate of return
Returns to education
Labour market
Employees
Income
Malaysia

Keywords

  • Educational inflation
  • Labour market
  • Occupational mismatched
  • Over education
  • Rate of return to education

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Ketaksepadanan pekerjaan dan inflasi pendidikan. / Osman, Zulkifly; Shahiri, Hazrul Izuan.

In: Jurnal Ekonomi Malaysia, Vol. 47, No. 2, 2013, p. 137-147.

Research output: Contribution to journalArticle

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