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Labour Market Mismatch Among UK Graduates: An Analysis Using REFLEX Data

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  • McGuinness, Seamus

    ()
    (Economic and Social Research Institute, Dublin)

  • Sloane, Peter J.

    ()
    (Swansea University)

Abstract

There is much disagreement in the literature over the extent to which graduates are mismatched in the labour market and the reasons for this. In this paper we utilise the Flexible Professional in the Knowledge Society (REFLEX) data set to cast light on these issues, based on data for UK graduates. REFLEX examines the labour market status of graduates five years after graduation and distinguishes between first and current job, vertical and horizontal mismatch, over/underqualification and over/underskilling as well as including a range of questions on the nature of work organisation and individual competences. We find substantial pay penalties for over-education for both sexes and for overskilling in the case of men only. When both education and skill mismatch variables are included together in the model only overskilling reduces job satisfaction consistently for both sexes. Using job attributes data it appears that the lower wages of the overqualified may in part simply represent a compensating wage differential for positive job attributes, while for men at least there are real costs to being overskilled.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4168.

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Length: 52 pages
Date of creation: May 2009
Date of revision:
Publication status: published in: Economics of Education Review, 2011, 30 (1), 130-145
Handle: RePEc:iza:izadps:dp4168

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Keywords: graduates; education; job matching; skills;

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References

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  1. Mary Silles & Peter Dolton, 2002. "The Effects of Over-Education on Earnings in the Graduate Labour Market," Economics Series Working Papers 126, University of Oxford, Department of Economics.
  2. Francis Green & Yu Zhu, 2008. "Overqualification, Job Dissatisfaction, and Increasing Dispersion in the Returns to Graduate Education," Studies in Economics, Department of Economics, University of Kent 0803, Department of Economics, University of Kent.
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  7. Grazier, Suzanne & O'Leary, Nigel C. & Sloane, Peter J., 2008. "Graduate Employment in the UK: An Application of the Gottschalk-Hansen Model," IZA Discussion Papers 3618, Institute for the Study of Labor (IZA).
  8. Mavromaras, Kostas G. & McGuinness, Seamus & Fok, Yin King, 2007. "Assessing the Incidence and Wage Effects of Over-Skilling in the Australian Labour Market," IZA Discussion Papers 2837, Institute for the Study of Labor (IZA).
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  14. Christopher Fleming & Parvinder Kler, 2008. "I'm too clever for this job: a bivariate probit analysis on overeducation and job satisfaction in Australia," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 40(9), pages 1123-1138.
  15. McGuinness, Seamus & Wooden, Mark, 2007. "Overskilling, Job Insecurity and Career Mobility," IZA Discussion Papers 2938, Institute for the Study of Labor (IZA).
  16. Frances Ruane & Xiaoheng Zhang, 2007. "Location Choices of the Pharmaceutical Industry in Europe after 1992," The Institute for International Integration Studies Discussion Paper Series, IIIS iiisdp220, IIIS.
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  19. S. Mcguinness, 2003. "Graduate overeducation as a sheepskin effect: evidence from Northern Ireland," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 35(5), pages 597-608.
  20. McGuinness, Seamus & Bennett, Jessica, 2007. "Overeducation in the graduate labour market: A quantile regression approach," Economics of Education Review, Elsevier, Elsevier, vol. 26(5), pages 521-531, October.
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