In recent years, the relationship between higher education and work is
attracting a considerable attention in developed and developing countries. the
ratio of students going on to higher education has increased in Japan as well as
in European countries since the end of 1980, which are expressed as a
"massification" phase. On the other hans, in the development of
knowledge-based economy resulting from widespread diffusion of information
technology and advancement of socio-economic internationalization, the
societys requirements for human resource are changing and the area of
professional activities for graduates of higher education and the recruitment
system are changing.
This paper analyses the relationship between higher education and work
market with particular references to the lifetime (long-term) employment system
in Japan. The long-term employment system became the norm at most
companies during the rapid economic growth of the 1960s. This employment
system reflects the tendency of management to favor the in-house training of
personnel over a long period of time.
The relationships between economic trends and graduate employment
opportunities are discussed, highlighting the impact of univerisity expansion, the
trend towards equalization of earnings, the marked increase in female
participation, changing patterns of movement towards and away from city
locations and the diversification of industry into new fields such as information
science.
Detailed examination of the transition from the educational to the
employment system confirms the importance of cultural and social factors. The
Japanese approach implies a company-oriented theory of human capital
which isin contrast with the more individualistic theories typical of Western
countries.
However, changes in Japanese cultural attitudes, employment and
socio-economic system, developments in the way in which modem industry is
structured and the drive towards internationalization, all point towards the
adoption of a more individualistic theory of human capital.
The author shows that the existence of a high-quality labour force was a key
factor in the post-war recovery of the Japanese economy, and the future
economic success of Japan will depend on its ability to adapt to an ageing labour
force. the days of a young, growing labour force in which educational attainment
was increasing rapidly, are over. Labour productivity and labour costs of
production will depend on the effective management of an ageing labour force.
The paper concludes by reviewing recent innovations aimed at tackling the
new challenges. In Japan, nurturing of problem pursuing ability" in university
education has been emphasized after the stipulation of founding standards for a
university, etc. in 1991 and curriculum reform has been demanded by various
circles.