GRADUATE UNEMPLOYMENT IN THE FACE OF SKILLS SHORTAGES: A LABOUR MARKET PARADOX
| Autor: | Carlene van der Westhuizen, Morne Oosthuizen, Kalie Pauw |
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| Přispěvatelé: | School of Economics |
| Rok vydání: | 2008 |
| Předmět: |
Economics and Econometrics
Labour economics Technological change media_common.quotation_subject Graduate unemployment Soft skills Face (sociological concept) Economic shortage Context (language use) skills shortages Investment (macroeconomics) Technical progress graduate unemployment skills shortages [South Africa] Phenomenon Unemployment Economics labour demand and supply jel:A1 media_common |
| Zdroj: | South African Journal of Economics |
| ISSN: | 1813-6982 0038-2280 |
| DOI: | 10.1111/j.1813-6982.2008.00152.x |
| Popis: | There is consensus among analysts that South Africa’s unemployment is structural in the sense that the unemployed generally possess lower skills than what is required in the marketplace. In the context of increasing demand for skilled workers due to technical progress and the need to become more competitive globally, graduate unemployment would be expected to fall. This paper investigates the nature of graduate unemployment in South Africa since 1995, finding that labour force and employment growth has been concentrated in higher educational categories. However, against expectations unemployment has risen amongst young and better educated people. The paper suggests that the education sector urgently requires continued emphasis and monitoring to ensure that learners are adequately prepared for entry into the labour force; that greater efforts be made to encourage learners to choose directions of study with superior employment prospects; and that investment in young people’s soft skills is required. |
| Databáze: | OpenAIRE |
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