The Effect of Business Cycles on Educational Attainment
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Added on 2021-01-01
The Effect of Business Cycles on Educational Attainment
Added on 2021-01-01
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RESEARCHPROJECT
ABSTRACTIn the present report there has been discussion based on educational system andunemployment rate fluctuations in Australia. This educational attainment is that which is referredby USA Census Bureau Glossary meaning highest degree of education which is completed byindividual person. So, there are many studies which show that changes and fluctuations withinbusiness cycle will be having its impact on this educational attainment. This means that at timewhen there is scarcity of market job opportunity, wages are also stagnant then there will bedecrease into opportunity cost for undertaking or pursuing education.It is evident from theeconomic crisis it was seen that there was reduction in working hours, wage rates and the publicfunds from government that were available. Then there are certain policies which intervened forhelping moderating the impact of economic crisis onto education of children.As per analysingthe outcomes there have been use of various statistical tools that will help in analysing properoutcomes. It consists of identifying relationship between unemployment and labour force agebetween 15-24 of Australia. There has been consideration of data base since 1990 to 2017. Therehad various analyses and tests made over data base from historical data such as descriptivestatistics, regression analysis as well as correlation of data. Therefore, there is no significantrelationship between fluctuation within business cycle and attainment of education.
TABLE OF CONTENTSTITLE..............................................................................................................................................1INTRODUCTION...........................................................................................................................1Aim:.............................................................................................................................................1Objective:.....................................................................................................................................1Research hypothesis:...................................................................................................................1REVIEW OF PREVIOUS LITERATURE.....................................................................................2SPECIFICATION OF THE MODEL..............................................................................................3DATA DESCRIPTION...................................................................................................................3EMPIRICAL RESULTS.................................................................................................................4CONCLUSIONS & RECOMMENDATIONS..............................................................................11REFERENCES..............................................................................................................................13
TITLE'Economics of Education- The effects of business cycle on educational attainment'INTRODUCTIONIt is very important part by the central and state government that they are spending too much on education of youth and itscitizens (The Heterogeneous Impacts of Business Cycles on Educational Attainment, 2018). But there is higher exposure ofunemployment rate on educational attainments that is seen on many of them. This educational attainment is that which is referred byUSA Census Bureau Glossary meaning highest degree of education which is completed by individual person. So, there are manystudies which show that changes and fluctuations within business cycle will be having its impact on this educational attainment. Thismeans that at time when there is scarcity of market job opportunity, wages are also stagnant then there will be decrease intoopportunity cost for undertaking or pursuing education. While in certain previous studies it was also shown that there is oppositereaction meaning that higher unemployment rate will be linked with the increase in educational attainments. So, the objective of thistopic is to find out effect of business cycle on educational attainment which is very important to study.Aim:To analysis the impact of business cycle on educational attainment.Objective:To analysis relationship between education and employment rate within peopleTo find out relationship between rate of college attendance and labour forceResearch hypothesis:Hypothesis 1H0: There is significant relationship between fluctuation within business cycle and attainment of educationH1: There is no significant relationship between fluctuation within business cycle and attainment of educationHypothesis 21
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