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Enhancing the link between higher education and employment
Affiliation:1. Nemours-A.I. DuPont Hospital for Children, Dept of Surgery, 1600 Rockland Rd., Wilmington, DE 19803;2. Ann and Robert H. Lurie Children’s Hospital, Department of Surgery, Chicago IL;3. Nemours-AI DuPont Hospital for Children, Center for Healthcare Delivery Science, Wilmington DE;4. Nemours-A.I. DuPont Hospital for Children, Department of Surgery, Wilmington DE;5. Hasbro Children’s Hospital, Department of Surgery, Providence RI
Abstract:This study aims to improve the efficiency of fiscal assistance programs for higher education by investigating those variables that influence college graduates’ employment rates. An empirical analysis of 2010–2011 higher education statistics shows that two variables – educational expenditure per student and the number of students per full-time faculty member – consistently and significantly affect college graduates’ employment rates, even after location and type of school are controlled. Although scholarship rates also affect employment rates positively, the number of students per industry–academe liaison officer does not have a statistically significant effect. Moreover, as educational expenditure per student or the student/faculty ratio increases beyond a certain level, graduate employment improves at an increasing rate. The two variables also affect the employment rate interactively. At a relatively higher level of per-student expenditure, employment rates increase even as the student/faculty ratio rises. However, at a relatively lower level of per-student expenditure, employment rates decline as the student/faculty ratio rises.The policy implication is that fiscal assistance programs for higher educational institutions should accord a much greater weight to these key variables when selecting and assessing institutional recipients.
Keywords:Educational policy  Fiscal assistance programs  Higher education  Employment rates  Effectiveness
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