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Higher education, employment and economic growth: Exploring the interactions


Date posted:

2022/11/01

Publication year:

2014

Corporate author/s:

University of Cape Town, Development Policy Research Unit (DPRU); Labour Market Intelligence Partnership (LMIP), Human Sciences Research Council (HSRC) and the Department of Higher Education and Training (DHET)

Person/s author/s:

Bhorat, Haroon; Cassim, Aalia; Tseng, David

Output-type:

research report

Format:

pdf

The purpose of this report is to interrogate the impact and nature of South Africa's post-apartheid economic growth performance through the lens of human-capital investment with a particular emphasis on higher education. In this report, the authors investigate the link between education and economic growth in three ways. Firstly, this report examines the labour market trends, including occupational demand by education cohort. Secondly, they analyse the extent to which the educational attainments of labour cohorts affect the nature and trajectory of post-apartheid economic growth in South Africa by estimating Olley and Pakes's two-stage regression on a modified CobbDouglas production education function. Thirdly, the authord attempt to understand the welfare gains by education cohort.

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