Abstract
This paper reports on the labour market results of a cohort of graduates from five Singapore schools representing most areas where important changes in the educational system are taking place. The graduates left school in 1966–67 and were interviewed in 1970. Many of the graduates in the cohort found jobs almost immediately upon leaving school, but some did experience a substantial period of unemployment and even more reported difficulty in finding their first job. Eventually all became employed and at the time of interview unemployment was negligible. The initial unemployment and the difficulty in finding work were not related as to whether the education was technical or academic in nature.
Income/cost ratios were calculated and used to rank the schools to see how they compared as social investments. Post-secondary, non-university education ranked highest, followed by secondary education with the university in third place. Within post-secondary, pre-university was a slightly better investment than the polytechnic largely because of a difference in costs. Within secondary schools there was virtually no difference between the technical secondary school, the academic secondary school and the vocational institute.
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References
Chew, David, C. E. (1971). “Investment in Human Capital,” in Profs. You Poh-Seng and Lim Chong-Yah eds., The Singapore Economy. Singapore: Eastern Universities Press.
Clark, David H. (1971). “Manpower Planning in Singapore,” a paper presented to the Conference on Manpower Problems in East and Southeast Asia, Singapore, May, reprinted in Malayan Economic Review, October.
Clark, D. H. and Eng-Fong, Pang (1970). “Returns to Schooling and Training in Singapore,” Malayan Economic Review, October.
Ministry of National Development and Economic Research Centre, Singapore (1967). Singapore Sample Household Survey, 1966, Report No. 1. Singapore: Government Printing Office, September.
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The research was conducted while the author was Assistant Director, Economic Research Centre, University of Singapore. Dr. Toh Chin Chye and Professor You Poh Seng provided useful comments and criticism. The author was assisted by Tan Chio Tee. The data were collected by Nancy Ho, Seah Kee Khoo, Tan Khye Hock, Toh Thian Ser, Wong Weng Kong, Wun Khai Ping, and Yuen Say Wing as a part of their academic exercises at the University of Singapore. The students also provided many useful comments and insights. The views expressed are those of the author and are not necessarily those of either the Economic Research Centre or of the persons who assisted in the study or commented on earlier drafts of this paper.
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Clark, D.H. New school leavers in Singapore. High Educ 1, 449–461 (1972). https://doi.org/10.1007/BF00136804
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DOI: https://doi.org/10.1007/BF00136804