Linking Education Policy to Labor Market Outcomes

Education plays a central role in preparing individuals to enter the labor force, as well as equipping them with the skills to engage in lifelong learning experiences. The objective of this study is to review what is known about the role of education in improving labor market outcomes, with a particular focus on policy considerations for developing countries. The report presents findings from current literature on the topic, which offers new ways of looking at the returns to education, together with evidence from four original data analysis and background studies of education and labor issues in Ghana and Pakistan. Country studies on Ghana and Pakistan are used to substantiate findings of the literature and illustrate the heterogeneity of education labor market linkages across regions. These countries were chosen because they are representative of two of the poorest regions of the world and because their inclusion in the analysis complements ongoing World Bank work on education and labor market issues in those countries. This report offers two types of findings: those relevant to the content of educational policies and those relevant to the framework for educational policy making.

Bibliographic Details

Main Author:	Fasih, Tazeen
Language:	English en_US
Published:	Washington, DC: World Bank 2008
Subjects:	ACCESS TO CREDIT, ACCESS TO QUALITY EDUCATION, ACTIVE LABOR, ACTIVE LABOR MARKET, ACTIVE LABOR MARKET INTERVENTIONS, AGE GROUP, AGE GROUPS, AVERAGE RATES OF RETURN, BANK EDUCATION, BASIC EDUCATION, BASIC LITERACY, BASIC SKILLS, BENEFITS OF EDUCATION, CASH TRANSFERS, CLASS SIZE, COGNITIVE SKILLS, COMPLETION RATES, CONTINUING EDUCATION, CONTRIBUTION, CONTRIBUTIONS, CRITICAL THINKING, CURRICULA, CURRICULUM, DEMAND FOR EDUCATION, DIRECT INVESTMENT, DISADVANTAGED WORKERS, DISADVANTAGED YOUTH, DOMESTIC MARKET, DRUG ADDICTION, EARLY CHILDHOOD, EARLY INVESTMENT, EARNINGS, EARNINGS REGRESSIONS, ECONOMIC DEVELOPMENT, EDUCATED WORKERS, EDUCATION DECISIONS, EDUCATION OF WOMEN, EDUCATION POLICIES, EDUCATION POLICY, EDUCATION SYSTEM, EDUCATION SYSTEMS, EDUCATIONAL ATTAINMENT, EDUCATIONAL LEVELS, EDUCATIONAL OUTCOMES, EDUCATIONAL POLICY, EDUCATIONAL RESOURCES, EDUCATIONAL SUPPLY, EDUCATIONAL SYSTEMS, EMPLOYEE, EMPLOYMENT GUARANTEE, EMPLOYMENT OPPORTUNITIES, EMPLOYMENT OUTCOMES, EMPLOYMENT STATUS, ETHICS, EXCHANGE RATE, EXCHANGE RATES, EXPANSION OF EDUCATION, FINANCIAL MARKETS, FINDING EMPLOYMENT, FIRM SIZE, FORMAL EDUCATION, FORMAL EDUCATION SYSTEM, FORMAL SCHOOLING, FREE EDUCATION, FUNCTIONAL LITERACY, FUNCTIONALLY LITERATE, GENDER GAP, HIGH UNEMPLOYMENT, HIGH WAGES, HIGHER EDUCATION, HIGHER LEVEL OF EDUCATION, HIGHER LEVELS OF EDUCATION, HOUSEHOLD SURVEY, HOUSEHOLD SURVEYS, HUMAN CAPITAL, INCOME INEQUALITY, INCOMES, INDIRECT COSTS, INFLATION, INFORMAL EMPLOYMENT, INFORMAL SECTOR, INFORMATION TECHNOLOGY, INTEREST RATES, INVESTING, INVESTMENT CLIMATE, INVESTMENT CLIMATE ASSESSMENT, INVESTMENT IN EDUCATION, JOB CREATION, JOB MARKET, JOB TRAINING, JOBS, LABOR DEMAND, LABOR FORCE, LABOR MARKET, LABOR MARKET CONDITIONS, LABOR MARKET FRAMEWORK, LABOR MARKET INFORMATION, LABOR MARKET INTERVENTIONS, LABOR MARKET OUTCOME, LABOR MARKET OUTCOMES, LABOR MARKET POLICIES, LABOR MARKET POLICY, LABOR MARKET REGULATION, LABOR MARKET REGULATIONS, LABOR MARKET SUCCESS, LABOR MARKET TRAINING, LABOR MARKETS, LABOR POLICIES, LABOR REGULATIONS, LABOR SUPPLY, LANGUAGE OF INSTRUCTION, LARGE FIRMS, LEVEL OF EDUCATION, LIFELONG LEARNING, LIFETIME, LITERACY, LITERACY LEVELS, LITERACY SKILLS, LITERATE WOMEN, LIVING STANDARDS, LOW INCOMES, LOW LEVELS OF EDUCATION, LOW-INCOME, MACROECONOMIC STABILITY, MARKET CONDITIONS, MARKET DEMANDS, MATH, MIDDLE SCHOOL, MINIMUM WAGE, NATIONAL ECONOMY, NUMERACY, OCCUPATION, OCCUPATIONS, OLDER AGE GROUP, ON-THE-JOB TRAINING, ON-THEJOB TRAINING, POVERTY ALLEVIATION, PRIMARY EDUCATION, PRIMARY LEVEL, PRIMARY SCHOOL, PRIMARY SCHOOL CYCLE, PRIMARY SCHOOLING, PRIVATE SECTOR, PROBLEM SOLVING, PRODUCT MARKET, PRODUCTIVITY, PROGRAM DESIGN, PUBLIC INVESTMENT, PUBLIC-PRIVATE PARTNERSHIPS, QUALITY EDUCATION, QUALITY LEARNING, QUALITY OF EDUCATION, QUALITY OF LIFE, QUALITY PRIMARY EDUCATION, QUALITY SCHOOLING, QUALITY SCHOOLS, RAPID GROWTH, RATE OF RETURN, RATES OF RETURN TO EDUCATION, READING, RESEARCH ASSISTANCE, RETURNS TO EDUCATION, SALARIED EMPLOYMENT, SALES, SCHOOL AGE, SCHOOL FACILITIES, SCHOOL FEES, SCHOOL MANAGEMENT, SCHOOLING, SCHOOLS, SECONDARY EDUCATION, SECONDARY SCHOOL, SELF-EMPLOYMENT, SKILLED EMPLOYEES, SKILLED LABOR, SKILLED WORKERS, SKILLED WORKFORCE, SKILLS DEVELOPMENT, SMALL BUSINESSES, SOCIAL PROTECTION, SOCIAL SKILLS, STUDENT ASSESSMENT, STUDENT ASSESSMENTS, TAX RATES, TEACHERS, TEACHING, TEACHING METHODS, TECHNICAL EDUCATION, TECHNICAL SKILLS, TERTIARY EDUCATION, TEXTBOOKS, TRAINING ACTIVITIES, TRAINING OF TEACHERS, TRAINING PROGRAMS, TYPES OF EDUCATION, UNEMPLOYED, UNEMPLOYMENT, VALUABLE, VOCATIONAL QUALIFICATIONS, VOCATIONAL TRAINING, WAGE, WAGE DIFFERENTIALS, WAGE DISPERSION, WAGE DISTRIBUTION, WAGE EMPLOYMENT, WAGES, WORK EXPERIENCE, WORKER, WORKING LIVES, YOUNG PEOPLE, YOUNG WOMEN, YOUNG WORKERS, YOUTH LABOR,
Online Access:	http://documents.worldbank.org/curated/en/2008/01/9484209/linking-education-policy-labor-market-outcomes https://hdl.handle.net/10986/6407
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