Download or read book Higher education and the markets for educated labour in LDCS written by Ake Blomqvist and published by . This book was released on 1987 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews a number of themes from the recent literature on higher education and markets for educated labor, from the viewpoint of their relevance to education and labor market policies in LDCs. It emphasizes the contrast between the human capital model and more recent work which stresses the role of education as a producer of information regarding pre-existing individual characteristics rather than as a creator of skills. It also discusses the implications of phenomena such as graduate unemployment, credentialism and deliberate government job creation to absorb graduate unemployment, and comments briefly on the recent literature which suggests that apparent wage rigidities may sometimes be interpreted as implicit contracts for risksharing or performance incentives.