Work-education mismatch: An endogenous theory of professionalization
We model the education-workforce pipeline and offer an endogenous theory of professionalization and ever-higher degree attainment. We introduce two mechanisms that act on the education enterprise, causing the number of educated people to increase dramatically with relatively short-term changes in th...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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Elsevier Science Ltd.
2019
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| Online Access: | https://hdl.handle.net/1721.1/122922 |
| _version_ | 1826216164277092352 |
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| author | Ghaffarzadegan, Navid Xue, Yi Larson, Richard Charles |
| author2 | Massachusetts Institute of Technology. Engineering Systems Division |
| author_facet | Massachusetts Institute of Technology. Engineering Systems Division Ghaffarzadegan, Navid Xue, Yi Larson, Richard Charles |
| author_sort | Ghaffarzadegan, Navid |
| collection | MIT |
| description | We model the education-workforce pipeline and offer an endogenous theory of professionalization and ever-higher degree attainment. We introduce two mechanisms that act on the education enterprise, causing the number of educated people to increase dramatically with relatively short-term changes in the job market. Using our illustrative dynamic model, we argue that the system is susceptible to small changes and the introduced self-driving growth engines are adequate to over-incentivize degree attainment. We also show that the mechanisms magnify effects of short-term recessions or technological changes, and create long-term waves of mismatch between workforce and jobs. The implication of the theory is degree inflation, magnified pressures on those with lower degrees, underemployment, and job market mismatch and inefficiency. Keywords: System dynamics; Education policy; Inefficiency; Education mismatch; Public policy |
| first_indexed | 2024-09-23T16:42:58Z |
| format | Article |
| id | mit-1721.1/122922 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T16:42:58Z |
| publishDate | 2019 |
| publisher | Elsevier Science Ltd. |
| record_format | dspace |
| spelling | mit-1721.1/1229222022-10-03T07:48:29Z Work-education mismatch: An endogenous theory of professionalization Ghaffarzadegan, Navid Xue, Yi Larson, Richard Charles Massachusetts Institute of Technology. Engineering Systems Division Massachusetts Institute of Technology. Institute for Data, Systems, and Society Management Science and Operations Research Modelling and Simulation Information Systems and Management We model the education-workforce pipeline and offer an endogenous theory of professionalization and ever-higher degree attainment. We introduce two mechanisms that act on the education enterprise, causing the number of educated people to increase dramatically with relatively short-term changes in the job market. Using our illustrative dynamic model, we argue that the system is susceptible to small changes and the introduced self-driving growth engines are adequate to over-incentivize degree attainment. We also show that the mechanisms magnify effects of short-term recessions or technological changes, and create long-term waves of mismatch between workforce and jobs. The implication of the theory is degree inflation, magnified pressures on those with lower degrees, underemployment, and job market mismatch and inefficiency. Keywords: System dynamics; Education policy; Inefficiency; Education mismatch; Public policy National Institute of General Medical Sciences (U.S.) (Grant 5U01GM094141-02) National Institutes of Health (U.S.). Office of Behavioral and Social Sciences Research (Grant 2U01GM094141-05). 2019-11-12T20:41:46Z 2019-11-12T20:41:46Z 2017-03 2014-05 2019-11-06T17:25:48Z Article http://purl.org/eprint/type/JournalArticle 0377-2217 1872-6860 https://hdl.handle.net/1721.1/122922 Ghaffarzadegan, Navid et al. "Work-education mismatch: An endogenous theory of professionalization." European Journal of Operational Research, 261, 3 (September 2017): 1085-1097 © 2017 Elsevier B.V. en https://doi.org/10.1016/j.ejor.2017.02.041 European Journal of Operational Research Creative Commons Attribution-NonCommercial-NoDerivs License http://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf Elsevier Science Ltd. PMC |
| spellingShingle | Management Science and Operations Research Modelling and Simulation Information Systems and Management Ghaffarzadegan, Navid Xue, Yi Larson, Richard Charles Work-education mismatch: An endogenous theory of professionalization |
| title | Work-education mismatch: An endogenous theory of professionalization |
| title_full | Work-education mismatch: An endogenous theory of professionalization |
| title_fullStr | Work-education mismatch: An endogenous theory of professionalization |
| title_full_unstemmed | Work-education mismatch: An endogenous theory of professionalization |
| title_short | Work-education mismatch: An endogenous theory of professionalization |
| title_sort | work education mismatch an endogenous theory of professionalization |
| topic | Management Science and Operations Research Modelling and Simulation Information Systems and Management |
| url | https://hdl.handle.net/1721.1/122922 |
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