Unemployment with Educational Attainments in Lower Middle Income Countries: 1994-2017

Abstract

This paper empirically investigates how the overall unemployment rate in lower middle income countries is augmented by labor forces with different level of educational attainments by focusing on three distinguished level of educational attainments within the labor force, basic education, intermediate education and advanced education. Estimates from a dynamic model for 53 lower middle income countries spanning the period 1994- 2017 indicates that increased labor force with advanced educational attainment tend to be more unemployed and thus causing the overall unemployment rate to be increased in developing countries with lower middle income during the period of analysis.