Overeducation and the skills of UK graduates
Chevalier, A and Lindley, J (2009) Overeducation and the skills of UK graduates JOURNAL OF THE ROYAL STATISTICAL SOCIETY SERIES A-STATISTICS IN SOCIETY, 172 (2). 307 - 337. ISSN 0964-1998
Available under License : See the attached licence file.
Official URL: http://dx.doi.org/10.1111/j.1467-985X.2008.00578.x
During the early 1990s the proportion of a cohort entering higher education in the UK doubled over a short period of time. The paper investigates the effect of the expansion on graduates’ early labour market attainment, focusing on overeducation. We define overeducation by combining occupation codes and a self-reported measure for the appropriateness of the match between qualification and the job. We therefore define three groups of graduates: matched, apparently overeducated and genuinely overeducated. This measure is well correlated with alternative definitions of overeducation. Comparing pre- and post-expansion cohorts of graduates, we find with this measure that the proportion of overeducated graduates has doubled, even though overeducation wage penalties have remained stable. We do not find that type of institution affects the probability of genuine overeducation. Apparently overeducated graduates are mostly indistinguishable from matched graduates, whereas genuinely overeducated graduates principally lack non-academic skills and suffer a large wage penalty. Individual unobserved heterogeneity differs between the three groups of graduates but controlling for it does not alter these conclusions.
|Additional Information:||Published by Wiley © 2009 Royal Statistical Society.|
|Uncontrolled Keywords:||Social Sciences, Science & Technology, Physical Sciences, Social Sciences, Mathematical Methods, Statistics & Probability, Mathematical Methods In Social Sciences, Mathematics, Overeducation, Skills, EDUCATION, MISMATCH, WAGES|
|Divisions:||Faculty of Business, Economics and Law > Economics|
|Deposited By:||Symplectic Elements|
|Deposited On:||21 Jun 2012 12:30|
|Last Modified:||27 Apr 2013 14:33|
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