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Scoop.it!
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
The case studies concurred that the impact of the global economic crisis on higher education was not as severe as anticipated. In some countries, public investment on education has increased as a result of various stimulus packages. This, in part, can be attributed to the countries’ recognition of higher education’s potential contribution to economic growth.
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We show that cyclical skill mismatch, defined as mismatch between the skills supplied by college graduates and skills demanded by hiring industries, is an important mechanism behind persistent career loss from graduating in recessions.