The Unseen Cost of Lowering Labor Market Flexibility on Higher Education Market: Evidence from Cross-sectional Data from OECD

Authors

Hansol Kim, Indiana Wesleyan UniversityFollow

Abstract

This paper attempts to determine the unseen consequences of lowering labor market flexibility and its impact on individuals’ demand for higher education by using standard OLS multiple regression analysis and cross-sectional data. I examine the independent variables that are theorized to increase the percentage of college diplomas attained in the market. Independent variables are chosen based on what has been studied in the prior literature. This study finds that labor market flexibility has a positive correlation with the percentage of adult population who have a higher education diploma. The results of this study suggest that individuals’ demand for higher education is a multifaceted issue that is not close to being fully explained.

Keywords: labor market flexibility, higher education

Recommended Citation

Kim, Hansol (2015) "The Unseen Cost of Lowering Labor Market Flexibility on Higher Education Market: Evidence from Cross-sectional Data from OECD," Undergraduate Economic Review: Vol. 11: Iss. 1, Article 4.
Available at: https://digitalcommons.iwu.edu/uer/vol11/iss1/4