n African Journal of Business and Economic Research - Labor market expectations of final year university students in South-Western Nigeria

Volume 5, Issue 1
  • ISSN : 1750-4554
  • E-ISSN: 1750-4562


This paper examines the labour market expectations of final year university students in South Western Nigeria against the backdrop of high-educated unemployment in Nigeria. The data for the study was generated from the primary source. Econometric models explaining the determinants of expected job-search period and expected earnings on first appointment were specified and estimated using the OLS approach. The results of the study show optimistic labour market expectations from the sampled graduating students in terms of expected earnings and duration of job search. Those who attended private university expected higher wage and a shorter job search period as compared to students of public universities. Labour market expectations also vary with different socio-economic characteristics of students and the type of disciplines in which the student specialises. Given the optimistic expectations of the students vis-à-vis the labour market realities, strengthening of the universities counselling units for proper guidance of students was recommended, among others.

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