Public Policy for Regulating the Interaction between Labor Market Supply and Higher Education Demand in Israel: A Case Study
In recent decades, the global labour market in general, and the Israeli labour market in particular, have seen significant changes, affecting the availability of jobs in many occupations. The study’s objectives are as follows: To begin, determine the relationship between trends in labour supply and trends in higher education demand. Second, to figure out which way this encounter is going. Third, to look into Israeli public policy that may have an impact on one or both of these developments. and Finally, to give recommendations to policymakers regarding necessary changes in the nature of policy governing higher education regulation and adaptation to the demands of a dynamic labour market. There appears to be a link between changes in the labour market’s supply of jobs and adjustments in demand for higher education. A bidirectional link between the job market and the higher education system may be shown in two case studies in the Israeli economy. In one scenario, it was discovered that when the number of jobs in the field of computers and engineering grows, so does the need for academic education in this subject. In the second scenario, increased demand for legal academic education resulted in a flooded labour market, which had negative consequences for the sector. The public policy established in Israel to regulate the labour market and higher education system is short-term in nature, and it consists of retrospectively examining actual circumstances and attempting to improve them by directing students to various disciplines in order to meet the labour market’s needs or correct its failures. It does not, however, explore future trends or attempt to discover future needs or flaws that may be predicted now.
Author (S) Details
Department of Middle Eastern Studies – Political Science, Ariel University, Israel.
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