Across OECD countries, more and more individuals have attained tertiary education and the share of those with less education has declined. Although there are more tertiary-educated individuals than ever before, they still achieve good labour market outcomes. This confirms that labour market demand is generally keeping pace with rising educational…

Enrollment of Greek students in domestic and foreign universities has increased dramatically since 1960. Demand for higher education continues to be strong despite diminishing income differentials, because higher education is cheap in Greece and is still associated with an earnings premium. Movement toward a privatization model for higher…

Some studies of individual demand for higher education undertaken during the 1970s are reviewed. Although lifetime earnings are positively related to educational qualifications, rates of return to education do not seem to matter for either public or private educational decisions. (Author/MLW)

Two government-induced distortions generate an excess demand for entry into the Greek higher education system. In Greece the private cost of higher education is too low and the government-set wage rate too high, thus contributing to the excess demand for higher education and an apparent "graduate unemployment" problem. (MLW)

The extent to which vocational schools are promoting the new job skills being demanded by employers was examined in complementary studies conducted Portugal and Greece. First, data were collected from questionnaires administered to 22 Portuguese students in initial training in a transports course and 47 Greek students in an electrical course (19…