The Effect Of Higher Education On The Risk Of Unemployment

3088 words - 13 pages

According to the U.S. Department of Labor, unemployment rates have increased to 7.9 percent. The unemployment rate can be defined as the number of people actively looking for a job as to the percentage of the labor force. Although statistics show an increase has occurred, there has also been an increase in higher education jobs. Higher education growth has been steady, stable and greater than overall U.S. jobs. The market share of higher education jobs compared to all U.S. jobs continued to increase and a trend has persisted for several years. Individuals who complete educational programs possess the qualities employers are seeking. These strong qualities include the ...view middle of the document...

The bias in our study is the age factor determining unemployment rates and educational level from 25 years and older.

Testing methodologies will include:
1) Correlation utilizing covariance and the correlation efficient measures to identify relationships between variables.
2) Regression (i.e. test predictability of unemployment rates based on data to variables)
3) Analysis of categorical data (level of education)
4) Prove hypothesis is Type II error

Testing Normality

The data consists of two variables; unemployment rate is scaled and referred to as continuous variable, and level of education as categorical or ordinal variable.

In order to analyze our data to prove our hypothesis, we need to know if our data has a normal distribution. Above, the results are illustrated via the K-S test. Our sample size of 520 is stated under the degrees of freedom. The variables indicate they are both not normally distributed. The significant value should be more than .05 if it was normally distributed. In our case, the data has a significant value of .000, which is less than .05 indicating a deviation from normality.

The P-P plot graph is another way to illustrate our data not being normally distributed. They are not nearly symmetrical, but look positively skewed. The data values are deviating away from the diagonal.

Lastly, the histogram shows us it is clearly not normal. There are two peaks indicative of two modes, guilty of bimodal. In a normally distributed data, the mean equals the median equals the mode. This data shows no equality with the mean, median or mode. Therefore, a non-parametric test is performed to measure the relationship between unemployment rates by education level. The significant level of .000 indicates a highly significant relationship.

One non-parametric correlation test is the Kendall’s tau. This test is a better estimate of the correlation in the population. The value of correlation coefficient is closer to zero than the Spearman correlation (it has increased from -.779 to -.635). Though differences in the correlation coefficients exist, the significant value of .000 is still a highly significant relationship.
Another non-parametric test is Spearman’s correlation coefficient. In the table of Spearman’s rho, the significant value for this correlation is less than .05; therefore, there is a significant relationship between unemployment rates and the level of education. In addition, the relationship is showed as a negative: as level of education increases, unemployment rate decreases. As a result, our hypothesis is supported.

Regression Analysis

Regression analysis involves the identification of the relationship between a dependent variable and one or more independent variables. With regards to the study objective, we sort to statically analyze the relationship between our variables (the level of education and...

Other Papers Like The Effect Of Higher Education On The Risk Of Unemployment

Role of Ict in the Governance of Higher Education

3069 words - 13 pages driven and not by teachers. This paper is a critical analysis with reference to the changes taking place in teaching and learning process and the role that ICTs have played in this transformation. This paper highlights the various impacts of ICT on higher education and explores potential future developments. The paper argues the role of ICT in transforming teaching and learning and seeks to explore how this will impact on the way programs will

The Role of the Student Nurse in Higher Education

1481 words - 6 pages A student in Higher Education and a Future Healthcare Practitioner. In this essay I will explore my initial reflections on my role as a student in higher education. There will a discussion on my role as a future healthcare practitioner and the efforts I need to make to achieve the professional status of a nurse. I will discuss my learning styles and identify key developmental needs to be addressed. There will be discussions on the concepts of

Chronicle of Higher Education

741 words - 3 pages isn’t nearly smart enough to successfully tell thousands of institutions with distinct missions and student bodies how to do their jobs. What’s left? In the end, incentives and not much else. If you want colleges to be different, make them want to be different. Higher education institutions are generally run by smart, accomplished people who wake up every morning with a lot on their plate. What’s the most important thing for them? What will they

Benefits Of A Higher Education

1630 words - 7 pages factor of higher education and lack thereof is the impact that it has on society. On study by Bruce Weinberg, a professor of economics at Ohio State University found that higher crime rates are linked to the low wages and unemployment of the undereducated. Clearly this is a negative effect stemming from a lack of education. This problem leads to another which is the level of incarcerated people and the burden they lay on the taxpayers. This is a

The Face of Higher Education: Corporate Social Responsibility, Stakeholders and the Managerial Role

1494 words - 6 pages revamped based on societal needs and shifting business practices. It is suggested here that four kinds of social responsibilities constitute total CSR: economic, legal, ethical, and philanthropic. (Carroll, 1991) There are some companies, depending on their business goals or mission statement that place an emphasis on some of these social responsibilities than others. In higher education, philanthropic and ethical responsibility is emphasized. The

The Effect Of The Internet On Tourism

2219 words - 9 pages implication of the internet on the growth of eco-tourism aims to analyze the implication of the internet on the growth of eco-tourism, to attain this goal this study seeks to answer the following questions: 1. How does the internet able advantages on the growth of eco-tourism? 2. What are the benefits that they going to get on implications of internet on the growth of eco-tourism? 3. What are the effects on the social and

The Effect Of The Internet On Tourism

2120 words - 9 pages The Effect of the Internet on Tourism Alfredo Ortiz # 3725031 Florida International University CMBA Krishnan Dandapani FIN 6644 Global Financial Markets Table of Content Introduction…………………………………………3 Impact of the Internet……………………………….3 Financial Impact…………………………………….6 Negative Effects of the Internet…………………….9 Conclusion…………………………………………10 References………………………………………….11

Impact of Globalization on Trends in Entrepreneurship Education in Higher Education Institutions

3921 words - 16 pages International Journal of Trade, Economics and Finance, Vol. 3, No. 4, August 2012 Impact of Globalization on Trends in Entrepreneurship Education in Higher Education Institutions Norasmah Othman, Nor Hafiza Othman, and Rahmah Ismail  Abstract—With the trend of increasing globalization, entrepreneurship has been receiving more attention from government and educational institutions. Changes in the uncertain world economy have resulted in

The Effect of Hiv/Aids on Women

1073 words - 5 pages The Effect of HIV/AIDS on Women The Soroptimist International of the Americas published a white paper on Women and the HIV/AIDS crisis that outlines not only some of the factors that make women vulnerable to the disease, but also the consequences they face if they or a relative become infected as well as possible solutions to the rising number of new HIV/AIDS cases in women. A troubling trend has emerged within the past few years

The Effect of Product Liability on Engineers

1137 words - 5 pages The Effect of Product Liability on Engineers Sam Heithoff Mechanical Systems Design 8-27-12 The objective of this paper is to show that while general law processes in America are wasteful and hinder people and companies, product liability is beneficial to engineers. Since the inception and revolution of product liability law, the engineering process has been affected. Through specific examples and firsthand accounts, it will be

The Effect of ICT on Social Lives

1119 words - 5 pages The Effect of ICT on Social Lives These affects can be seen in areas such as: · Customers buying from home · Call centres and customer enquiries

Related Essays

Higher Education And Unemployment Essay

2230 words - 9 pages became worried about the links interwoven between the new republics of Central Asia and NATO, perceiving a risk that the influence of the United States would be extended under a rationale of “containment” of Chinese power. In a reflection of this concern, China launched research programs concentrating on NATO, for example, and exhibited a new desire to establish direct contacts with NATO representatives. For Beijing, this was in fact very clearly

The Effect Of Technology On Education

1368 words - 6 pages The Effect of Technology on Education Abstract In this argument essay I hope to point out and give some feedback on the pros and cons of the effects of technology on educations. That by incorporating technology into our schools would and could make us stronger and more up to speed with surrounding countries. The Effects of Technology on Education The topic of the effects of technology on students is a concern for teachers, school

The Purposes, Or Benefits Of Higher Education

694 words - 3 pages ., department supervisors, and the human resource department. The effectiveness of your communication can help one to learn leadership skills on an entry level thought process when making business decisions. The benefit of higher education can also help one to learn people skills dealing with different attitudes, mood swings, and how to have business relationships inside the office. "A survey by recruitment firm, Monster India says that the level of

The Effects Of Unemployment Essay

1845 words - 8 pages people are greatly affected. Unemployment not only affects those out of work, but it also affects individual family members and communities as well as society. Unemployment generates poverty; causing a negative effect on the American society as a whole. Many families suffer a shocking toll with an emotional, psychological, spiritual, and physical downfall. Families are still in distress for a number of many reasons. One reason that individuals