Show Less
Restricted access

Sustainability and Welfare Policy in European Market Economies

Series:

Edited By Jürgen Plöhn and George Chobanov

The articles in this volume are selected from the contributions to two international conferences. Authors and teams tackle general economic approaches and developments with respect to new concepts for the production possibility frontier, the connection of development and exports diversification and improvements to the business process. Other contributors address economic sustainability with respect to an institutional path to sustainable growth, available financial instruments, behavioral models of economic expectations, solutions for waste treatment as well as to technological aspects related to security, privacy and IT governance. Finally, a third group of authors discusses health policy in the EU and postsecondary education in Bulgaria as aspects of public welfare.

Show Summary Details
Restricted access

Government Intervention in Postsecondary Education in Bulgaria (Pavlin P. Bonev)

Extract

Pavlin P. Bonev1

(Sofia University “St. Kliment Ohridski”, Bulgaria)

Government Intervention in Postsecondary Education in Bulgaria

Abstract: Starting from the observation that only a quarter of all university graduates in Bulgaria start their professional careers on positions that require a university diploma, a labour market failure problem is stated. Supply and demand on labour markets for individuals with a diploma are unbalanced. The paper outlines possible ways to overcome such a market failure. Inefficient public university funding is suggested as a root cause. More particularly, the admission quotas that are being defined by universities are seen as a problem. It is argued that economic policy needs to consider incentive structures for the development of strategies that frame aspects of the university education system according to requirements of the labour market for graduates.

1. Introduction

In September 2013 the Bulgarian National Audit Office has published an audit report claiming that only one quarter of all university graduates had started their professional careers on positions that require university diplomas.2 In other words, 75 % of graduates work in jobs which can be classified below their qualification and potential. The report findings raise concern with reference to what extent Bulgarian governments pursue effective policies to achieve postsecondary labor market equilibrium. Since more individuals are educated than the labour market can absorp, a considerable oversupply of highly qualified labor exists. The problem can also be described by figures: According to the report, the Bulgarian...

You are not authenticated to view the full text of this chapter or article.

This site requires a subscription or purchase to access the full text of books or journals.

Do you have any questions? Contact us.

Or login to access all content.