ISET has earned a reputation of academic excellence, and all those who walked through the institute’s doors as students and left as graduates have either found meaningful employment or gone on to study abroad at some of the world’s best universities. Yet aside from educating its students in the technicalities and intricacies of economics, ISET also endeavors to instill values and standards amongst its students.

On Thursday, April 6, ISET hosted Professor Giorgio Brunello, who delivered a seminar for the ISET community. The title of his presentation was “Does Delayed Retirement Affect Youth Employment? Evidence from Italian Provinces”. According to his research, pension reforms that raise the minimum retirement age increase the pool of senior individuals aged 50+ who are not eligible to retire from the labor market.

It is widely recognized that education is the key to the future. In general, educated people have higher earnings and lower unemployment rates and highly-educated countries grow faster and innovate more than the other countries. Therefore, in the recent economic literature, education is considered as an investment good and look for the other investments, there are the costs and benefits of the investments in the education.

The labor market is always a hot topic in our country, and debate about it usually overheats as elections approach. Referring to unsatisfactory labor market indicators is always a good way to emphasize the mistakes and/or the inertia of the ruling parties. Another common way to score points is making pre-election promises of increased future employment. One way or another, parties always promise and voters always believe their promises (including unrealistic ones).

In developed countries like Korea and Australia, employment in the agricultural sector is gaining more and more popularity, however, moving back to the countryside in developing nations remains associated with poverty, inefficiency, and lack of progress.