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The Dynamics of Job Creation and Destruction for University Graduates: Why a Rising Unemployment Rate Can Be Misleading

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  • Cardoso, Ana Rute

    ()
    (IAE Barcelona (CSIC))

  • Ferreira, Priscila

    ()
    (University of Minho)

Abstract

This study uses a matched employer-employee data set on the Portuguese economy to analyze systematic information on job creation and job destruction for university graduates, compared to other groups of workers. We find that the unemployment rate can provide a misleading idea of the dynamics in labor demand and of the employment prospects for university graduates. The pessimistic view that seems to be popular nowadays, stating that the expansion of higher education may have gone too far and that investment in a higher education degree has become a too risky business, possibly not worthwhile, as employers are no longer keen on recruiting newly graduate workers, does not find support in the empirical evidence for the Portuguese economy.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 623.

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Length: 23 pages
Date of creation: Nov 2002
Date of revision:
Publication status: published in: Applied Economics, 2009, 41 (1), 2513-2521
Handle: RePEc:iza:izadps:dp623

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Keywords: gross job flows; unemployment;

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References

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Citations

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Cited by:
  1. Anabela Botelho, 2001. "Strategic behavior at trial-The production, reporting, and evaluation of complex evidence," NIMA Working Papers, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho 14, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  2. Aslan Zorlu & Joop Hartog, 2005. "The effect of immigration on wages in three european countries," Journal of Population Economics, Springer, Springer, vol. 18(1), pages 113-151, December.
  3. Joao Cerejeira da Silva, 2002. "Identification of the Portuguese industrial districts," NIMA Working Papers, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho 17, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  4. Heshmati, Almas, 2007. "Labor Market Policy Options of the Kurdistan Regional Government," IZA Discussion Papers 3247, Institute for the Study of Labor (IZA).

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