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Too Many Graduates? A Matching Theory of Educational Mismatch

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  • Patrizia Ordine
  • Giuseppe Rose

Abstract

The process driving graduate workers into undergraduate jobs is investigated. Micro and macro perspectives are considered in order to analyze the interrelationships between individual mismatch and overeducation. The model highlights the fact that individual mismatch does not necessarily imply that the share of graduates exceeds what is optimally required at the aggregate level. In the presence of matching frictions, individual mismatch may be associated with either under- or overeducation. Policies regulating access to higher education may affect mismatch in different ways, depending on the situation in question. In some cases, measures aimed at promoting participation in higher education may help reduce the incidence of mismatch.

Suggested Citation

  • Patrizia Ordine & Giuseppe Rose, 2017. "Too Many Graduates? A Matching Theory of Educational Mismatch," Journal of Human Capital, University of Chicago Press, vol. 11(4), pages 423-446.
    • Handle: RePEc:ucp:jhucap:doi:10.1086/694455
    DOI: 10.1086/694455
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    Cited by:

    1. Weiguang Liu, 2018. "Inefficient Signalling, Education Arms Race and Education Inflation in China," Applied Economics and Finance, Redfame publishing, vol. 5(6), pages 61-75, November.
    2. Weiguang Liu, 2019. "Education arms race, fertility rate and education inflation," Economics Bulletin, AccessEcon, vol. 39(2), pages 937-946.
    3. Pregoner, Joseph Dave Mendoza & Castillo, Earl John & Ordaneza, Joan & Noveno, Elizabeth, 2020. "Unveiling the Aftermath of Education-Job Mismatch among UIC Business Administration Graduates," EdArXiv ehskd, Center for Open Science.

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