Quality of education and the labour market: A conceptual and literature overview
Stellenbosch Working Paper Series No. WP07/2011Publication date: 2011
Author(s):
In South Africa earnings inequality between races still persists despite the convergence of educational attainment between races. There is a now a growing body of evidence which suggests that the quality of education received by South Africans differs markedly amongst and within race groups, and that schools differ substantially in their ability to impart cognitive skills. This paper reviews the international and South African literature which considers the role of education quality in improving labour market prospects. Education quality is considered from both from an input and output perspective. This paper concludes that education output quality, particularly the ability of a school system to impart cognitive skills, is a crucial determinant of labour market success.
JEL Classification:I20, I21, I30, J30
Keywords:South Africa, Education, Earnings Functions, Education Quality, Cognitive Skills, Labour Market
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19 Apr 2024There was good news for global growth this week – with China's Q1 GDP beating expectations (see international section) and the IMF lifting its global growth forecast for 2024 once more. SA economic data releases, however, were mixed, with a welcome downtick in CPI inflation but relatively poor internal trade data. Most of the world’s economic policymakers...
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BER Weekly
19 Apr 2024There was good news for global growth this week – with China's Q1 GDP beating expectations (see international section) and the IMF lifting its global growth forecast for 2024 once more. SA economic data releases, however, were mixed, with a welcome downtick in CPI inflation but relatively poor internal trade data. Most of the world’s economic policymakers...
Read the full issue