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This paper studies whether universities should select their students only using specialised subject-specific tests, or on the basis of a broader set of skills and knowledge. The empirical analysis is guided by a theoretical framework. The theoretical model shows that even if broader skills are not improving graduates’ outcomes in the labour market,...
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College students’ employment is affected by many factors such as economy and policy, which makes the prediction error of college students’ employment rate large. In order to solve this problem, a prediction method of college students’ employment rate based on the gray system is designed. Firstly, it analyzes the current research status of college s...
Citations
We study the trade‐off between governmental investments in pretertiary and tertiary education from an efficiency point of view. We develop a model comprising agents with different incomes and abilities, public and private schools, and public universities that select applicants based on an admission exam. Reallocating governmental resources from tertiary to pretertiary education may positively affect aggregate production and human capital if some conditions are satisfied. For instance, in an economy with a high proportion of credit‐constrained students, a reallocation of expenditure toward public schools benefits many students, compensating for the negative effect of a decrease in public university investments. We also quantitatively investigate the optimal allocation of public investment between pretertiary and tertiary education, and we find that a 10% increase in productivity of public investments in pretertiary education could increase the optimal GDP between 2.1% and 3%.
