Graduate Employment in the UK: An Application of the Gottschalk-Hansen Model
AbstractThere is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate markups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education suggests that many graduates are unable to find employment in graduate jobs and the proportion over-educated has risen over time. Using a simple supply and demand model applied to UK data that defines graduate jobs in terms of the proportion of graduates and/or the graduate earnings markup within occupations, we find that the employment of graduates in non-graduate jobs has declined over time. Hence, there is no evidence of an over-production of graduates in the UK.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. 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.
Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3618.
Length: 39 pages
Date of creation: Jul 2008
Date of revision:
Contact details of provider:
Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Phone: +49 228 3894 223
Fax: +49 228 3894 180
Web page: http://www.iza.org
Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
Find related papers by JEL classification:
- I2 - Health, Education, and Welfare - - Education
- J0 - Labor and Demographic Economics - - General
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-06 (All new papers)
- NEP-EDU-2008-08-06 (Education)
- NEP-EEC-2008-08-06 (European Economics)
- NEP-LAB-2008-08-06 (Labour Economics)
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.:
- Peter Gottschalk & Michael Hansen, 1999.
"Is the Proportion of College Workers in 'Non-College' Jobs Increasing?,"
Boston College Working Papers in Economics
429, Boston College Department of Economics, revised 20 Feb 2001.
- Peter Gottschalk & Michael Hansen, 2003. "Is the Proportion of College Workers in Noncollege Jobs Increasing?," Journal of Labor Economics, University of Chicago Press, vol. 21(2), pages 409-448, April.
- Peter T. Gottschalk & Michael Hansen, 2001. "Is the Proportion of College Workers in “Non-College” Jobs Increasing?," JCPR Working Papers 223, Northwestern University/University of Chicago Joint Center for Poverty Research.
- Cardoso, Ana Rute, 2007. "Jobs for young university graduates," Economics Letters, Elsevier, vol. 94(2), pages 271-277, February.
- H. Battu & C. R. Belfield & P. J. Sloane, 1999.
"Overeducation Among Graduates: a cohort view,"
Taylor & Francis Journals, vol. 7(1), pages 21-38.
- Nigel C. Oâ€™Leary & Peter J. Sloane, 2005.
"The Return to a University Education in Great Britain,"
National Institute Economic Review,
National Institute of Economic and Social Research, vol. 193(1), pages 75-89, July.
- Sloane, Peter J. & O'Leary, Nigel C., 2004. "The Return to a University Education in Great Britain," IZA Discussion Papers 1199, Institute for the Study of Labor (IZA).
- Arnaud Chevalier, 2003. "Measuring Over-education," Economica, London School of Economics and Political Science, vol. 70(279), pages 509-531, 08.
- Francis Green & Yu Zhu, 2008.
"Overqualification, Job Dissatisfaction, and Increasing Dispersion in the Returns to Graduate Education,"
Studies in Economics
0803, Department of Economics, University of Kent.
- Francis Green & Yu Zhu, 2010. "Overqualification, job dissatisfaction, and increasing dispersion in the returns to graduate education," Oxford Economic Papers, Oxford University Press, vol. 62(4), pages 740-763, October.
- P. J. Sloane & H. Battu & P. T. Seaman, 1999. "Overeducation, undereducation and the British labour market," Applied Economics, Taylor & Francis Journals, vol. 31(11), pages 1437-1453.
- Walker, Ian & Zhu, Yu, 2005. "The College Wage Premium, Overeducation, and the Expansion of Higher Education in the UK," IZA Discussion Papers 1627, Institute for the Study of Labor (IZA).
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:CitEc Project, subscribe to its RSS feed for this item.
- Sánchez-Sánchez, Nuria & McGuinness, Seamus, 2011. "Decomposing the Impacts of Overeducation and Overskilling on Earnings and Job Satisfaction: An Analysis Using REFLEX data," Papers WP393, Economic and Social Research Institute (ESRI).
- 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.
- Seamus McGuinness & Peter J. Sloane, 2009. "Labour Market Mismatch Among UK Graduates; An Analysis Using REFLEX Data," Papers WP294, Economic and Social Research Institute (ESRI).
- McGuinness, Seamus & Sloane, Peter J., 2009. "Labour Market Mismatch Among UK Graduates: An Analysis Using REFLEX Data," IZA Discussion Papers 4168, Institute for the Study of Labor (IZA).
- Carroll, David & Tani, Massimiliano, 2013. "Job Search as a Determinant of Graduate Over-Education: Evidence from Australia," IZA Discussion Papers 7202, Institute for the Study of Labor (IZA).
- Hynninen, Sanna-Mari, 2009. "Is there a wage curve for the highly educated?," ISER Working Paper Series 2009-17, Institute for Social and Economic Research.
- Barbara Gebicka, 2010. "College Degree Supply and Occupational Allocation of Graduates the Case of the Czech Republic," CERGE-EI Working Papers wp407, The Center for Economic Research and Graduate Education - Economic Institute, Prague.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Fallak).
If references are entirely missing, you can add them using this form.