IDEAS home Printed from https://ideas.repec.org/a/vrs/quageo/v42y2023i4p63-79n9.html
   My bibliography  Save this article

Which Skills are the Most Prized? Analysing Monetary Value of Geographers’ Skills on the Labour Market in Six European Countries

Author

Listed:
  • Piróg Danuta

    (1 Institute of Law, Economics and Administration, University of the National Education Commission, Krakow, Poland)

  • Hibszer Adam

    (2 Institute of Social and Economic Geography and Spatial Management, Faculty of Natural Sciences, University of Silesia in Katowice, Sosnowiec, Poland)

Abstract

The objective of the study is to identify those skills that are actually needed by the labour market and allow university graduates to achieve the highest remuneration. To achieve this objective, the authors monitored, for 18 months, online job postings from six countries addressed to geography graduates. Online job postings are the most up-to-date and reliable source of data about the salaries that employers are willing to offer for specific skills or skillsets. A total of 17,397 advertisements were collected, out of which 7,407 included information about the offered salary. Applying text mining and regression tree (classification and regression tree [CART]) analyses, the authors identified skills that significantly differentiate annual salaries. The group of competences associated with higher earnings includes highly specialised geographic information system (GIS), statistical and geological skills. Lower salaries were linked to some general skills such as communicating in a native language as well as some specialised skills, but only to those related to teaching and conducting scientific research.

Suggested Citation

  • Piróg Danuta & Hibszer Adam, 2023. "Which Skills are the Most Prized? Analysing Monetary Value of Geographers’ Skills on the Labour Market in Six European Countries," Quaestiones Geographicae, Sciendo, vol. 42(4), pages 63-79, December.
    • Handle: RePEc:vrs:quageo:v:42:y:2023:i:4:p:63-79:n:9
    DOI: 10.14746/quageo-2023-0035
    as

    Download full text from publisher

    File URL: https://doi.org/10.14746/quageo-2023-0035
    Download Restriction: no
    File URL: https://libkey.io/10.14746/quageo-2023-0035?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David Deming & Lisa B. Kahn, 2018. "Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals," Journal of Labor Economics, University of Chicago Press, vol. 36(S1), pages 337-369.
    2. Jacek Liwiński & Francesco Pastore, 2021. "Are School-Provided Skills Useful at Work? Results of the Wiles Test," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(1), pages 72-97, February.
    3. Esther Mirjam Girsberger & Miriam Rinawi & Matthias Krapf, 2018. "Wages and employment: The role of occupational skills," Economics of Education Working Paper Series 0153, University of Zurich, Department of Business Administration (IBW).
    4. Lucía Mateos-Romero & María del Mar Salinas-Jiménez, 2017. "Skills Heterogeneity Among Graduate Workers: Real and Apparent Overeducation in the Spanish Labor Market," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(3), pages 1247-1264, July.
    5. Giorgio Brunello & Patricia Wruuck, 2021. "Skill shortages and skill mismatch: A review of the literature," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1145-1167, September.
    6. Tommaso AGASISTI & Geraint JOHNES & Marco PACCAGNELLA, 2021. "Tasks, occupations and wages in OECD countries," International Labour Review, International Labour Organization, vol. 160(1), pages 85-112, March.
    7. Joseph G. Altonji & Erica Blom & Costas Meghir, 2012. "Heterogeneity in Human Capital Investments: High School Curriculum, College Major, and Careers," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 185-223, July.
    8. Heckman, James J. & Kautz, Tim, 2012. "Hard evidence on soft skills," Labour Economics, Elsevier, vol. 19(4), pages 451-464.
    9. Ashok Bardhan & Daniel L. Hicks & Dwight Jaffee, 2013. "How responsive is higher education? The linkages between higher education and the labour market," Applied Economics, Taylor & Francis Journals, vol. 45(10), pages 1239-1256, April.
    10. Colombo, Emilio & Mercorio, Fabio & Mezzanzanica, Mario, 2019. "AI meets labor market: Exploring the link between automation and skills," Information Economics and Policy, Elsevier, vol. 47(C), pages 27-37.
    11. Kostas Mavromaras & St�phane Mahuteau & Peter Sloane & Zhang Wei, 2013. "The effect of overskilling dynamics on wages," Education Economics, Taylor & Francis Journals, vol. 21(3), pages 281-303, July.
    12. Gürtzgen, Nicole & Lochner, Benjamin & Pohlan, Laura & van den Berg, Gerard J., 2021. "Does online search improve the match quality of new hires?," Labour Economics, Elsevier, vol. 70(C).
    13. Stefano Scarpetta & Anne Sonnet & Ilias Livanos & Imanol Núñez & W. Craig Riddell & Xueda Song & Ilaria Maselli, 2012. "Challenges facing European labour markets: Is a skill upgrade the appropriate instrument?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 47(1), pages 4-30, January.
    14. Juan Francisco Jimeno & Aitor Lacuesta & Marta Martínez-Matute & Ernesto Villanueva, 2016. "Education, labour market experience and cognitive skills: evidence from PIAAC," Working Papers 1635, Banco de España.
    15. Giuseppe Croce & Emanuela Ghignoni, 2020. "The evolution of wage gaps between STEM and non-STEM graduates in a technological following economy," Applied Economics, Taylor & Francis Journals, vol. 52(23), pages 2427-2442, May.
    16. Ioana Marinescu & Ronald Wolthoff, 2020. "Opening the Black Box of the Matching Function: The Power of Words," Journal of Labor Economics, University of Chicago Press, vol. 38(2), pages 535-568.
    17. McGuinness, Seamus & Sloane, Peter J., 2011. "Labour market mismatch among UK graduates: An analysis using REFLEX data," Economics of Education Review, Elsevier, vol. 30(1), pages 130-145, February.
    18. Shih-Yung Chiu & Hwei-Lin Chuang, 2016. "Employability and Wage Compensation in an Asian Economy: Evidence for Female College Graduates in Taiwan," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(4), pages 853-868, April.
    19. Robst, John, 2007. "Education and job match: The relatedness of college major and work," Economics of Education Review, Elsevier, vol. 26(4), pages 397-407, August.
    20. Guillermo Montt, 2017. "Field-of-study mismatch and overqualification: labour market correlates and their wage penalty," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-20, December.
    21. Lucia Kureková & Miroslav Beblavý & Anna Thum-Thysen, 2015. "Using online vacancies and web surveys to analyse the labour market: a methodological inquiry," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-20, December.
    22. Sara AYLLÓN & Xavier RAMOS, 2019. "Youth earnings and labour market volatility in Europe," International Labour Review, International Labour Organization, vol. 158(1), pages 83-113, March.
    23. Vrontis, Demetris & Thrassou, Alkis & Melanthiou, Yioula, 2007. "A contemporary higher education student-choice model for developed countries," Journal of Business Research, Elsevier, vol. 60(9), pages 979-989, September.
    24. Caroline Krafft, 2018. "Is School the Best Route to Skills? Returns to Vocational School and Vocational Skills in Egypt," Journal of Development Studies, Taylor & Francis Journals, vol. 54(7), pages 1100-1120, July.
    25. Nancy Kracke & Malte Reichelt & Basha Vicari, 2018. "Wage Losses Due to Overqualification: The Role of Formal Degrees and Occupational Skills," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(3), pages 1085-1108, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brancatelli,Calogero & Marguerie,Alicia Charlene & Koettl-Brodmann,Stefanie, 2020. "Job Creation and Demand for Skills in Kosovo : What Can We Learn from Job Portal Data?," Policy Research Working Paper Series 9266, The World Bank.
    2. Fanti, Lucrezia & Guarascio, Dario & Tubiana, Matteo, 2019. "Skill Gap, Mismatch, and the Dynamics of Italian Companies’ Productivity," MPRA Paper 95694, University Library of Munich, Germany.
    3. Bennett, Fidel & Escudero, Verónica & Liepmann, Hannah & Podjanin, Ana, 2022. "Using Online Vacancy and Job Applicants' Data to Study Skills Dynamics," VfS Annual Conference 2022 (Basel): Big Data in Economics 264023, Verein für Socialpolitik / German Economic Association.
    4. Arendt, Lukasz & Gałecka-Burdziak, Ewa & Núñez, Fernando & Pater, Robert & Usabiaga, Carlos, 2023. "Skills requirements across task-content groups in Poland: What online job offers tell us," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    5. Marta Palczyńska, 2021. "Overeducation and wages: the role of cognitive skills and personality traits," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 21(1), pages 85-111.
    6. Brencic, Vera & McGee, Andrew, 2023. "Employers’ Demand for Personality Traits and Provision of Incentives," Working Papers 2023-14, University of Alberta, Department of Economics.
    7. Light, Audrey & Wertz, Sydney Schreiner, 2022. "Should English majors take computer science courses? Labor market benefits of the occupational specificity of major and nonmajor college credits," Economics of Education Review, Elsevier, vol. 88(C).
    8. Balzhan Serikbayeva & Kanat Abdulla, 2022. "Education-Job Mismatch: Implications for Individual Earnings and Aggregate Output," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(2), pages 723-752, September.
    9. Luc Bridet & Margaret Leighton, 2015. "The Major Decision: Labor Market Implications of the Timing of Specialization in College," Discussion Paper Series, School of Economics and Finance 201510, School of Economics and Finance, University of St Andrews.
    10. Yuki Onozuka, 2022. "Basic Skills or Major-Specific Knowledge? Sources of Wage Penalties for Working Outside the Major Field of Study," Journal of Labor Research, Springer, vol. 43(1), pages 24-64, March.
    11. Kimberly Scharf & Oleksandr Talavera & Linh Vi, 2023. "Gender Differences in Returns to Beauty," Discussion Papers 23-08, Department of Economics, University of Birmingham.
    12. Sung-Tae Lee & Sun-Moon Jung, 2023. "Is Your Degree Worth It? Education-Job Transferability and Job Satisfaction of ICT Workers," SAGE Open, , vol. 13(4), pages 21582440231, November.
    13. Maciej Berk{e}sewicz & Herman Cherniaiev & Robert Pater, 2021. "Estimating the number of entities with vacancies using administrative and online data," Papers 2106.03263, arXiv.org.
    14. David Deming & Lisa B. Kahn, 2018. "Skill Requirements across Firms and Labor Markets: Evidence from Job Postings for Professionals," Journal of Labor Economics, University of Chicago Press, vol. 36(S1), pages 337-369.
    15. Sellami Sana & Verhaest Dieter & Nonneman Walter & Van Trier Walter, 2017. "The Impact of Educational Mismatches on Wages: The Influence of Measurement Error and Unobserved Heterogeneity," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(1), pages 1-20, February.
    16. Thomas Lemieux, 2014. "Occupations, fields of study and returns to education," Canadian Journal of Economics, Canadian Economics Association, vol. 47(4), pages 1047-1077, November.
    17. Tarun Jain & Abhiroop Mukhopadhyay & Nishith Prakash & Raghav Rakesh, 2022. "Science education and labor market outcomes in a developing economy," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 741-763, April.
    18. Emilio Colombo & Alberto Marcato, 2021. "Skill Demand and Labour Market Concentration: Theory and Evidence from Italian Vacancies," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2104, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    19. Amanda Chuan & Christian Lyhne Ibsen, 2022. "Skills for the Future? A Life Cycle Perspective on Systems of Vocational Education and Training," ILR Review, Cornell University, ILR School, vol. 75(3), pages 638-664, May.
    20. Hansen, Stephen & Lambert, Peter John & Bloom, Nicholas & Davis, Steven J. & Sadun, Raffaella & Taska, Bledi, 2023. "Remote Work across Jobs, Companies, and Space," IZA Discussion Papers 15980, Institute of Labor Economics (IZA).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:quageo:v:42:y:2023:i:4:p:63-79:n:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.