Employment Problem of University Graduates in the PRC in Early XXI Century and its' Socio-economic Implications

In 1999 the central government of the PRC decided to enlarge the scale of higher education. The unprecedented scale of the higher education development led to the situation, when more and more graduates are unable to find a job. Chinese graduates have to face a greater pressure of the unemployment and the problem of its socio-economic implications is becoming one of the most significant on Chinese labor market. This thesis examines the employment problem among university graduates and its socio-economic implications. The aim of this paper is to identify the factors, which influence the socio-economic consequences of the unemployment problem. In this regard this study detects the specific features of the higher education development in China, which influence on the unemployment level among university graduates. The main socio-economic implications of the unemployment among the university graduates were indicated. The paper evaluates their size, significance and future prospects. With the help of the developed multiple linear regression model the quantitative analysis of the scale of higher education development and the level of economic development is provided. The derived values of the regression coefficients showed the statistical dependence of the chosen variables and proved the suggested hypothesis. In the end the study examines the institutional measures aimed at neutralizing the negative socio-economic implications of the employment problem among university graduates.