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Forecasting the Norwegian Labour Market for Graduates Holding Higher Degrees.

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Title: Forecasting the Norwegian Labour Market for Graduates Holding Higher Degrees.
Authors: Naess, Terje (AUTHOR)
Source: Higher Education in Europe. Apr2004, Vol. 29 Issue 1, p0-114. 12p. 3 Charts.
Subject Terms: *Employment & education, *Employment of college graduates, *Unemployment, *Labor supply, Labor market
Geographic Terms: Norway
Abstract: This article investigates the phenomenon of long-term unemployed graduates of Norwegian higher education institutions over the period 1973­1999. The phenomenon was unexpected. One explanation for it is that the market for graduates was and remains in disequilibrium because wages are not sufficiently flexible downward. Thus unemployment would be involuntary. The other explanation is that unemployment is voluntary because the elasticity of the graduate labour supply is pushing wages down, and graduates are not accepting employment for which wages appear to be unacceptably low. They are waiting for better opportunities to appear. The author has undertaken a simulation by which he has proved, to his satisfaction, that the first explanation is the correct one and that only a slight improvement in the employment prospects of university graduates can be expected in the near future. [ABSTRACT FROM AUTHOR]
Copyright of Higher Education in Europe is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Education Research Complete
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DbLabel: Education Research Complete
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PubType: Academic Journal
PubTypeId: academicJournal
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  Data: Forecasting the Norwegian Labour Market for Graduates Holding Higher Degrees.
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  Data: <searchLink fieldCode="AR" term="%22Naess%2C+Terje%22">Naess, Terje</searchLink> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Higher+Education+in+Europe%22">Higher Education in Europe</searchLink>. Apr2004, Vol. 29 Issue 1, p0-114. 12p. 3 Charts.
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  Data: *<searchLink fieldCode="DE" term="%22Employment+%26+education%22">Employment & education</searchLink><br />*<searchLink fieldCode="DE" term="%22Employment+of+college+graduates%22">Employment of college graduates</searchLink><br />*<searchLink fieldCode="DE" term="%22Unemployment%22">Unemployment</searchLink><br />*<searchLink fieldCode="DE" term="%22Labor+supply%22">Labor supply</searchLink><br /><searchLink fieldCode="DE" term="%22Labor+market%22">Labor market</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Norway%22">Norway</searchLink>
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  Data: This article investigates the phenomenon of long-term unemployed graduates of Norwegian higher education institutions over the period 1973­1999. The phenomenon was unexpected. One explanation for it is that the market for graduates was and remains in disequilibrium because wages are not sufficiently flexible downward. Thus unemployment would be involuntary. The other explanation is that unemployment is voluntary because the elasticity of the graduate labour supply is pushing wages down, and graduates are not accepting employment for which wages appear to be unacceptably low. They are waiting for better opportunities to appear. The author has undertaken a simulation by which he has proved, to his satisfaction, that the first explanation is the correct one and that only a slight improvement in the employment prospects of university graduates can be expected in the near future. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Higher Education in Europe is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
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      – Type: doi
        Value: 10.1080/03797720410001673328
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 12
        StartPage: 0
    Subjects:
      – SubjectFull: Employment & education
        Type: general
      – SubjectFull: Employment of college graduates
        Type: general
      – SubjectFull: Unemployment
        Type: general
      – SubjectFull: Labor supply
        Type: general
      – SubjectFull: Labor market
        Type: general
      – SubjectFull: Norway
        Type: general
    Titles:
      – TitleFull: Forecasting the Norwegian Labour Market for Graduates Holding Higher Degrees.
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            NameFull: Naess, Terje
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              M: 04
              Text: Apr2004
              Type: published
              Y: 2004
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              Value: 29
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              Value: 1
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            – TitleFull: Higher Education in Europe
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