Higher Education and Employment: East Asian Trends
In recent years, labor markets in East Asia have experienced a massive influx of college-educated workers, as graduates of a massified higher education system have sought jobs. The massive expansion of higher education in East Asia has unquestionably created pressure on graduate employment, thereby making the labor market highly competitive. Table 1 presents unemployment rates in East Asia (selected countries/regions) in 2020 by educational attainment. The...