Abstract
Today almost 50 per cent of all American youths attend institutions of higher learning, and almost 36 per cent of all Japanese high school graduates proceed to higher education (US Department of Education, 1982; Monbusho, 1982a, 1982b). These two countries along with Canada are among the leading countries in the Western world in terms of the number of students enrolled in institutions of higher learning and the proportion of college-educated population (Monbusho, 1983). With such a large number of the youth population now proceeding to higher education, two important consequences related to the process of socioeconomic attainment can be expected. The first is that the socioeconomic returns to higher education may decline due to a larger supply of the college-educated population. The second is that stratification in higher education may have a significant impact on labour market outcomes.
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Notes
Among the 1825 firms listed in the First Tokyo Stock Market Exchange (Jojo Ichibu) in November 1985, five firms did not have presidents at the time of the survey and three firms had just joined the First Tokyo Stock Market Exchange. The sample thus consists of 1817 presidents. The age of the presidents ranged between 35 and 89, and there was only one female president (Nihon Keizai Shinbun, 1986, 1 January, p. 11).
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© 1993 Hiroshi Ishida
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Ishida, H. (1993). Higher Education and the Labour Market. In: Social Mobility in Contemporary Japan. St Antony’s/Macmillan Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13867-8_5
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DOI: https://doi.org/10.1007/978-1-349-13867-8_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-64447-8
Online ISBN: 978-1-349-13867-8
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