| Research Abstract |
In this study, from the viewpoint of analyzing the various economic phenomena concerning the education, it is reporting our results having to do with the analysis of the demand for higher education. This report separates into four chapters. First, in chapter 1, it is surveying the basic problems about the study field of so-called "the economics of education". It points out the problems concerning the three concepts, I.e. the rate of return for investment in education, the screening hypothesis and the external effect of the education. Also, it points out the role which the economist should accomplish in analyzing the relationship between education and economy. Next, in chapter 2, it is analyzing the newly graduates labor market using the model of R. Freeman. This model consists of the three estimating equations, in which the numbers of freshmen, the numbers of newly graduates and the starting salaries are the dependent variables, respectively. We obtained the statistically significant results. In chapter 3, it examines the validity of the screening hypothesis about the relation between the education(or the schooling) and the wage income in a Japanese labor market. Some of our four working hypotheses support a screening hypothesis.
Lastly, in chapter 4, it shows a demand and supply model related to the higher education service market using the data of the private universities in Japan. As the explanation variables, the number of enrollment, current outlay per student, the number of the students per teacher, the examination fee income, the school ground, and the number of the collections of books are the significant decision factors, respectively. Also, it is computing the long-run price (the tuition) elasticities of each explanation variables.
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