Causes of Unemployment among the Educated Youth in Sri Lanka
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
Uva Wellassa University of Sri Lanka
Abstract
Educated youth unemployment is one of the major problems in many developing
countries like Sri Lanka. It does not reflect the utilization of scarce resources that would
be significant to the socio-economic development of countries. Unemployment among
educated youth in Sri Lanka is an increasing trend over the last few years. The issue of
unemployment among the population aged between 15 - 24 is the subject of this research.
Literature argues that demographic and socio-economic factors significantly affect the
educated youth unemployment. Thus, the major objective of this study was to analyze the
causes of unemployment among the educated youth in Sri Lanka using the Labour Force
Survey data of 2016 conducted by the Department of Census and Statistics of Sri Lanka.
The study mainly applied the Probit regression model to analyze the data. The results
suggested that the areas of living had a positive and statistically significant relationship
between educated youth unemployment. However, eduction level of head of household,
gender and vocational training showed a significant negative relationship with educated
youth unemployment in Sri Lanka. Further, adding to that, participation in vocational
training of respondents caused a decrease in unemployment of educated youth in Sri
Lanka. The study recommended that improving access to the education system in Sri
Lanka and promoting entrepreneurship among educated youths as two best solutions for
the reduction of unemployment among the educated youth.
Keywords: Educated youth, Unemployment, Probit regression model, Labour force
survey
Description
Keywords
Business Management, Human Resource Management, Education