Article

From Education to Employment: Market Failures, Externalities, and Public Policy in Achieving Equitable Labor Market Outcomes

2026-08-03

Abstract excerpt

This paper examines the systemic market failures inherent in the educational sector and their subsequent impact on labor market equity. Education serves a dual role as both a private investment in human capital and a public good that generates significant social spillovers. However, the presence of positive externalities, pervasive information asymmetries, and capital market imperfections often prevents the market...

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Literature Corpus work: 1a34f906-8f3d-56f3-9a21-037f6e241760
DOI: 10.14293/pr2199.004197.v1

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