The Impact of Higher Education on Unemployment
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This paper explores the relationship between higher education and unemployment using regression analysis. Our hypothesis is that the greater the government expenditure on higher education, the lower a state’s unemployment will be. Other independent variables such as state GDP per capita, the percentage of the population with bachelor degrees or higher, the cost of college attendance, the share of manufacturing in the state economy, and financial aid as a percentage of state revenue were used in a multi-regression analysis in order to account for bias. Our results found that there is a strong negative relationship between higher education expenditures and unemployment.