An Analysis On The Factors Causing Graduate Unemployment

Generally speaking, the graduate unemployment phenomenon derives from theinconsistency between education and economy. From the perspective of labor economics, wecan say the reciprocity of the graduate labor supply and demand in the certain labor marketcauses the graduate unemployment phenomenon.The article analyzes the key factors causing the graduate unemployment phenomenonand relationships among them.The different thing I do is that I distinguish the factors intoBasic Factors and Special Factors and show their complex relationships, which reflects myeffort and attempt to apply labor economics frame to the particular situation of our owncountry.Basic factors like "mass higher education", "the graduate obtaining employmentthrough the labor market"and "the imperfect information in the labor market"are deepfactors, which also exist abroad.When these basic factors exist, the graduates will have toinvest some cost to seek for their jobs in the labor market. "Mass higher education"meansthe absolute amount of graduates increases and the competition among them becomes moreserious. "The graduate obtaining employment through the labor market"means thegovernment does not have the responsibility to distribute the jobs for the graduates and thegraduates must seek for their jobs by themselves. "The imperfect information in the labormarket"means the graduates must make great effort and pay for their seeking.Special factors like "high increasing rate of higher education","intensity of socialemployment situation"and "the serious segmentation of the labor market"are somefactors particularly existing in our country. "High increasing rate of higher education"reflects the increasing rate of the graduate amount. Moderate exceeded development isnecessary, but over education is harmful. "Intensity of social employment situation"is theserious problem of our country at present. In fact, the graduate unemployment has becomesone part of it. "The serious segmentation of the labor market"includes the segmentationbetween the east area and the west area, the city area and the country area, which reduces thespace of the graduate employment.