CAJ | 학술논문

人力资本不舍理的投资方式会造成人力资本贬值。以上海高校扩招为例，分析其导致的人均教育资源摊薄、人才供给失衡，及由此产生的失业问题；并通过建立向量自回归模型及脉冲响应函数，考察高校在校总人数与城镇失业率之间的动态联系，可得知两者间存在着相互因果关系，高校学生总数增加对地区失业率有明显正向冲击。这说明以高校扩招为典型的人力资本投资失衡将对就业情况产生不利影响，从而降f酝士会人力资本_使用效率，造成人力资本贬值。
인력자본불사리적투자방식회조성인력자본폄치。이상해고교확초위례，분석기도치적인균교육자원탄박、인재공급실형，급유차산생적실업문제；병통과건립향량자회귀모형급맥충향응함수，고찰고교재교총인수여성진실업솔지간적동태련계，가득지량자간존재착상호인과관계，고교학생총수증가대지구실업솔유명현정향충격。저설명이고교확초위전형적인력자본투자실형장대취업정황산생불리영향，종이강f온사회인력자본_사용효솔，조성인력자본폄치。
Unreasonable human capital investment will lead to human capital depreciation. Taking higher edu- cation expansion in Shanghai as an example, cause average education resource diluted, tal the paper pointed out that unreasonable education investment will ent supply imbalance and resulting unemployment issues. Accord- ing to establishment of vector auto-regressive (VAR) and impulse response function (IRF), the paper examined the dynamic relation between the total number of students in regional colleges and regional unemployment rate in Shanghai. The empirical results show that there exists causal relation between both. The former impacted the latter obviously and positively. It is explained that unreasonable human capital investment has a significant impact on the employment in Shanghai, and that the hypothesis has been proved empirically.