THE DANGER OF DEGRADATION OF EDUCATION SYSTEM AND LABOR MARKET IN THE CASE OF MISALIGNED MOTIVATIONS
Journal Title: Globalization and Business - Year 2018, Vol 6, Issue 6
Abstract
The positive correlation between expected wages of workers and additional steps of education attainment has been studied extensively, as well as inverse relation between education level in the country and unemployment rate. Thus, it is important to analyze education and labor markets in relation, more so with the presence of imperfections in these markers. Coordination may fail on markets of asymmetric information when there are high and low quality products, which are indistinguishable. This can cause degradation of the market. In order to avoid it, motivations of each side should be aligned correctly on education and labor markets. This can only be achieved if the education system is constructed with right motivators for both sides right from the base. Education cannot be a useful signal to employers if educational attainment cannot be used as a way of distinguishing employee’s skills from others’.
Authors and Affiliations
QUJI BICHIA
Keywords
Related Articles
- EP ID EP547878
- DOI -
- Views 90
- Downloads 0
FOR CERTAIN ISSUES OF MONETARY-FISCAL POLICY AND ECONOMIC GROWTH
This study researches the problems of Georgia›s monetary-fiscal policy and economic growth, in particular the main indicators of economic growth assessment,certain aspects of monetary, credit, currency and investment pol...
Small Enterprise Management Problems in the Process of Globalization
The paper discusses the role and importance of small business in the development of national economy. Issues related to small enterprises functioning generated by the global changes, such as technological innov- ati...
The Main Issues of Innovative Policy in Globalization Conditions
The work highlights key points of state innovative politics; state structure of social – economical and scientifi c - technical development, the main principles of the formation and completion, the resources and mechanis...
Identification and Characteristics of the Leaders of the European Market of Logistic Services
Currently, logistic operators play a significant role in European economies and globally. They enable customers to find an offer which is suited to their individual needs and allow for optimization of their own supply ch...
THE IMPACT OF STRATEGIC PLANNING ON ORGANIZATIONAL PERFORMANCE THROUGH STRATEGY IMPLEMENTATION
Actuality of the research. Strategic management is a key factor of the success of any organization. At what degree managers pay attention to strategy formulation and its implementation is reflected on a company performan...