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Cross-National Deployment of “Graduate Jobs”: Analysis Using a New Indicator Based on High Skills Use☆

In: Skill Mismatch in Labor Markets

Author

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  • Golo Henseke
  • Francis Green

Abstract

Utilizing work task data drawn from the OECD’s Survey of Adult Skills of 2011–2012 and 2014–2015, we derive a new skills-based indicator of graduate jobs, termed ISCO(HE)2008, for 31 countries. The indicator generates a plausible distribution of graduate occupations and explains graduates’ wages and job satisfaction better than hitherto existing indicators. Unlike with the traditional classifier, several jobs in major group 3 “Technicians and Associate Professionals” require higher education in many countries. Altogether, almost a third of labor is deployed in graduate jobs in the 31 countries, but with large cross-national differences. Industry and establishment-size composition can account for some of the variation. In addition, two indicators of the relative quality of the higher education system also contribute to the variation in the prevalence of graduate jobs across countries.

Suggested Citation

  • Golo Henseke & Francis Green, 2017. "Cross-National Deployment of “Graduate Jobs”: Analysis Using a New Indicator Based on High Skills Use☆," Research in Labor Economics, in: Skill Mismatch in Labor Markets, volume 45, pages 41-79, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rleczz:s0147-912120170000045002
    DOI: 10.1108/S0147-912120170000045002
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    Citations

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    Cited by:

    1. Francis Green & Golo Henseke, 2021. "Europe’s evolving graduate labour markets: supply, demand, underemployment and pay," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 55(1), pages 1-13, December.
    2. Golo Henseke, 2019. "Against the Grain? Assessing Graduate Labour Market Trends in Germany Through a Task-Based Indicator of Graduate Jobs," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(2), pages 809-840, January.

    More about this item

    Keywords

    Graduate labor market; skill; graduate job; higher education; labor demand; OECD; I23; J21; J23; J24;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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