An Econometric Analysis of Panel Data for Educational Attainment and Employment in Tertiary Education

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Fayda Kinik F. Ş., Çetin M.

17th International Strategic Management Conference, Tirane, Albania, 25 August 2022, vol.130, pp.96-107

  • Publication Type: Conference Paper / Full Text
  • Volume: 130
  • Doi Number: 10.15405/epsbs(2357-1330).2022.12.2
  • City: Tirane
  • Country: Albania
  • Page Numbers: pp.96-107
  • Istanbul Technical University Affiliated: Yes


This paper aims to identify and compare the trends in educational attainment and employment rate in tertiary education in OECD countries between 2000 and 2020. In this study, a quantitative research design with a panel data analysis was adopted using the dataset obtained from the OECD data warehouse. After descriptive analyses of the dataset of educational attainment and employment rate belonging to 28 OECD countries, a panel data analysis was employed in the study. According to the descriptive results, the highest rates for tertiary educational attainment refer to Canada whereas the lowest percentages are detected in Turkey and Mexico. The highest employment rates in tertiary education pertain to Portugal, Switzerland, Sweden, and Slovenia while the lowest rates of employment in tertiary education belong to Korea, Turkey, and Greece. The results of the econometric analysis of the panel data indicate that the employment rate goes down by 0.24 points for every point of tertiary educational attainment and a one-way causality relationship is found from educational attainment to employment rate in the period of 2000-2020.