Paper Title :Trends in Unemployment by Educational Attainment in the Republic of Macedonia
Author :Remzije Rakipi, Shenaj Hadzimustafa, Teuta Veseli-Kurtishi
Article Citation :Remzije Rakipi ,Shenaj Hadzimustafa ,Teuta Veseli-Kurtishi ,
(2018 ) " Trends in Unemployment by Educational Attainment in the Republic of Macedonia " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 18-22,
Volume-4,Issue-10
Abstract : Knowledge embodied in human capital and technology is central to economic growth; making education a main
engine driving the economy today through the knowledge, skills and creativeness of the human capital. Competitiveness and
income generation depends thus not only on natural resources, but highly on the ability of human capital to create and develop
new technologies and ability to be innovative. In this context, high unemployment rates present a serious socio-economic
problem imposing a high welfare cost to society. This especially in cases, such as in the Republic of Macedonia, with also high
youth unemployment and high unemployment among educated segments of the country. The main objective of the paper is to
analyze and understand the severity of unemployment in the Republic of Macedonia from an educational attainment
perspective using secondary data. The study takes basis primarily on annual Labor Force Survey (LFS) data released by the
State Statistical Office of the Republic of Macedonia and Eurostat for the period 2006-2016. The analysis shows that
unemployment rates in the Republic of Macedonia among the lower level educated population have seen a more notable
decrease in the study period, whereas the unemployment rate among higher educated has only dropped marginally with an
overall decrease of 1.8 percentage point in the study period. Findings suggest that despite a positive trend, the country still
faces alarmingly high unemployment rates. The 52.8% unemployment rate within the youth segment (age 15-24) is of special
concern. Hence, the institutional frameworks governing the labor market and education should increase efforts and formulate
policies inclusive of industry, and address measures, more effectively and inclusively of especially young and educated
people.
Keywords - Education; Unemployment; Activity Rate; Employment
Type : Research paper
Published : Volume-4,Issue-10
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-13956
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Copyright: © Institute of Research and Journals
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Published on 2018-12-28 |
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