This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Foreign university graduates in the Greek labour market: Employment, salaries and overeducation

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Theodore P. Lianos (Athens University of Economics and Business, Greece)
D. Asteriou (City University, UK)
G.M. Agiomirgianakis

Additional information is available for the following registered author(s):

Abstract

Greece is ranked among the first countries of the world in terms of student migration, while compared with other EU countries Greece has the highest number of students studying in other member states. Although the issue of migrating Greek students is constantly analysed in the newspapers, and often in relation to the educational policy adopted in Greece,1 most of the academic literature (Kanellopoulos and Psacharopoulos, 1997) is focused either on the cost side of this phenomenon in terms of expenditure and its implications for the balance of payments or on the loss of brains (Brain Drain) when the best students remain abroad. So far, to the best of our knowledge, no research effort has been devoted to examining how well these students perform in the Greek labour market when they return home after completion of their studies. More specifically, in this paper we examine the performance of foreign university graduates with respect to three aspects: (a) the length of time between the completion of their studies and employment; (b) the extent to which these graduates are employed in professions for which they studied; and (c) the extent to which they are overqualified in the performance of the job which they hold. Our findings suggest that (i) EU graduates are better placed in the Greek labour market, from an employability point of view, compared with graduates from all other countries and also get higher salaries compared with those who have been educated elsewhere, and particularly those educated in the Balkan countries; (ii) factors leading to higher returns after graduation are previous work experience, whether the graduate had worked systematically in the past and also if their qualification is at MSc|MA level or higher. Moreover, graduates perceiving that their qualifications are higher than their job requirements are getting higher returns; (iii) graduates with parents having a university qualification do not consider themselves as overqualified. This probably indicates that the perception of being overeducated or not is based to some degree on past family achievements and consequently one's decision to undertake studies, and the level of these studies, is taken on family, social and cultural grounds; (iv) overeducation does not place graduates in a better position from the point of view of employability, however, overeducated graduates do have higher salaries. Copyright © 2004 John Wiley & Sons, Ltd.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://hdl.handle.net/10.1002/ijfe.238
File Format: text/html
File Function: Link to full text; subscription required
Download Restriction: no

Publisher Info
Article provided by John Wiley & Sons, Ltd. in its journal International Journal of Finance & Economics.

Volume (Year): 9 (2004)
Issue (Month): 2 ()
Pages: 151-164
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ijf:ijfiec:v:9:y:2004:i:2:p:151-164

Contact details of provider:
Web page: http://www.interscience.wiley.com/jpages/1076-9307/

Order Information:
Web: http://jws-edcv.wiley.com/jcatalog/JournalsCatalogOrder/JournalOrder?PRINT_ISSN=1076-9307

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Dolton, Peter & Vignoles, Anna, 2000. "The incidence and effects of overeducation in the U.K. graduate labour market," Economics of Education Review, Elsevier, vol. 19(2), pages 179-198, April. [Downloadable!] (restricted)
  2. Hersch, Joni, 1991. "Education Match and Job Match," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 140-44, February. [Downloadable!] (restricted)
  3. Allen, Jim & van der Velden, Rolf, 2001. "Educational Mismatches versus Skill Mismatches: Effects on Wages, Job Satisfaction, and On-the-Job Search," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 434-52, July.
  4. Peter Dolton, 2001. "Over education in the graduate labour market: Some evidence from alumni data," CEE Discussion Papers 0009, Centre for the Economics of Education, LSE. [Downloadable!]
  5. Battu, H. & Belfield, C. R. & Sloane, P. J., . "Overeducation Among Graduates: A Cohort View," Working Papers 98-03, Department of Economics, University of Aberdeen. [Downloadable!]
  6. Tsang, Mun C. & Levin, Henry M., 1985. "The economics of overeducation," Economics of Education Review, Elsevier, vol. 4(2), pages 93-104, April. [Downloadable!] (restricted)
  7. Sicherman, Nachum, 1991. ""Overeducation" in the Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 9(2), pages 101-22, April. [Downloadable!] (restricted)
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Pouliakas, Konstantinos & Livanos, Ilias, 2008. "The Gender Wage Gap as a Function of Educational Degree Choices in Greece," MPRA Paper 14168, University Library of Munich, Germany, revised 19 Mar 2009. [Downloadable!]
Statistics
Access and download statistics

Did you know? No RePEc service, like IDEAS, charges for the use or the display of bibliographic data.

This page was last updated on 2009-12-9.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.