Consecuencias del auge universitario mundial para el mercado laboral

Abstract

A rapid increase in university graduates in developing countries might lead to falling returns to college education, overeducation, and underemployment of professionals. Some regulation would seem necessary to reduce large differences in university quality and widespread information asymmetries. Options range from providing information on employability (by institution and career) to mandating quality assurance and licensing. Career quotas, moratoriums on expansion, and other extreme forms of quantitative control are inadvisable given rapid changes in market demand and weak enforcement capacity in most developing countries.