Citation

Econometric analysis of internal employment advantage among vocational college graduates in China

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Abstract:

The rapid tertiary education expansion has led to an “employment crisis” for vocational college graduates in China. However, there is large variation in their employment rate and starting salary. This article tries to explore how to predict and evaluate the internal employment advantage among recent Chinese vocational college graduates.

Following the earlier literature on economic attainment of 2-year college graduates in the U.S. (W. N. Grubb, 1995b; Surette, 1997; Psacharopoulos & Patrinos, 2004; W. N. Grubb, 2002; Kane & Rouse, 1995), we utilize both descriptive analysis and multivariate regression analysis based on a survey of 4936 Chinese vocational college graduates in 2008. In particular, we use post-estimation analysis to identify their internal advantage in terms of employment rate by major, starting salary by major and by industry.

Our multivariate econometric model predicted that college graduates in same major or industry could have different expected earnings or employment probability depending on their characteristics, which provided more accurate predictions. The model also reported that conditional on similar background factors, predicted rankings for various majors or industries were independent of the value of background characteristics.

Compared with the conventional descriptive analysis, the econometric approach yielded similar results in major- or industry-specific rankings; but it outperformed the former method by having a higher post-estimation prediction success rate. The econometric model could be used to select majors and industries with employment advantages and to predict earnings and employment rate for specific groups.

Author's Keywords:

internal employment advantage
Convention
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Association:
Name: 55th Annual Conference of the Comparative and International Education Society
URL:
http://www.cies.us


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URL: http://citation.allacademic.com/meta/p486513_index.html
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MLA Citation:

Chen, Liangkun. and Yang, Po. "Econometric analysis of internal employment advantage among vocational college graduates in China" Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada, May 01, 2011 <Not Available>. 2014-11-26 <http://citation.allacademic.com/meta/p486513_index.html>

APA Citation:

Chen, L. and Yang, P. , 2011-05-01 "Econometric analysis of internal employment advantage among vocational college graduates in China" Paper presented at the annual meeting of the 55th Annual Conference of the Comparative and International Education Society, Fairmont Le Reine Elizabeth, Montreal, Quebec, Canada <Not Available>. 2014-11-26 from http://citation.allacademic.com/meta/p486513_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: The rapid tertiary education expansion has led to an “employment crisis” for vocational college graduates in China. However, there is large variation in their employment rate and starting salary. This article tries to explore how to predict and evaluate the internal employment advantage among recent Chinese vocational college graduates.

Following the earlier literature on economic attainment of 2-year college graduates in the U.S. (W. N. Grubb, 1995b; Surette, 1997; Psacharopoulos & Patrinos, 2004; W. N. Grubb, 2002; Kane & Rouse, 1995), we utilize both descriptive analysis and multivariate regression analysis based on a survey of 4936 Chinese vocational college graduates in 2008. In particular, we use post-estimation analysis to identify their internal advantage in terms of employment rate by major, starting salary by major and by industry.

Our multivariate econometric model predicted that college graduates in same major or industry could have different expected earnings or employment probability depending on their characteristics, which provided more accurate predictions. The model also reported that conditional on similar background factors, predicted rankings for various majors or industries were independent of the value of background characteristics.

Compared with the conventional descriptive analysis, the econometric approach yielded similar results in major- or industry-specific rankings; but it outperformed the former method by having a higher post-estimation prediction success rate. The econometric model could be used to select majors and industries with employment advantages and to predict earnings and employment rate for specific groups.


Similar Titles:
The Construction and Empirical Analysis on the Indicators of Taiwan Technological and Vocational College Students' Basic Ability for Employability in Civil Engineering for the ESCR Technology

Quality assurance in China's higher education: An empirical research of vocational guidance on the efficiency of job search of college graduates

Connections between Students’ Expectations and College Persistence in the U.S.: An Analysis of International Graduate Student Dropout Cases

Ivory tower versus concrete jungle: A comparative study of perceived employability skills development between college instructors and graduates in China

Expansion of Higher Education and College Graduates’ Anxiety over Employment in Urban China


 
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