Influence of the Education on the Level of Unemployment in European Countries
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The results of an empirical survey on the relationship between unemployment rate and selected macroeconomic indicators are presented. The goal of the analysis was to verify the hypothesis on significant correlation of the level of unemployment and the society's level of education. In addition, an investigation on the strength of the relationship between unemployment level and education linked with labor policy was conducted. Two hypotheses were investigated. The first one states that within the group of 29 surveyed countries separate subgroups, internally coherent can be distinguished. The second hypothesis postulates that the unemployment rate depends stronger on the level of expenditures and other indicators linked to education or development than on active labor market policies.
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