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An analysis of the Graduate Labour Market in Finland: the impact of Spatial Agglomeration and Skill-Job Mismatches

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  • Consoli, Davide
  • Vona, Francesco
  • Saarivirta, Toni

Abstract

The recent history of Finland has been shaped by the rollercoaster of the 1990s when the economy went from deep recession to becoming among the most innovative and competitive within merely a decade. Economic recovery driven by the surge of ICT-related industries with the active support of the higher education system gave way also to growing inequalities among regions, especially within graduate workers. The paper elaborates an empirical analysis of the returns to education of a cohort entering the labour force between 1995 and 2005; our objective is to capture the extent of spatial and occupational determinants on income distribution as Finland slid from its most troubled to most prosperous times.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 21072.

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Date of creation: 28 Feb 2010
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Handle: RePEc:pra:mprapa:21072

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Keywords: Regional Development; Earning Distribution; Education and Skills; Spatial Inequalities;

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  6. Böckerman, Petri & Maliranta, Mika, 2003. "The Micro-level Dynamics of Regional Productivity Growth: The Source of Divergence in Finland," Discussion Papers, The Research Institute of the Finnish Economy 854, The Research Institute of the Finnish Economy.
  7. Antonelli, Cristiano, 2006. "Localized technological change and factor markets: constraints and inducements to innovation," Structural Change and Economic Dynamics, Elsevier, Elsevier, vol. 17(2), pages 224-247, June.
  8. Nickell, Stephen & Layard, Richard, 1999. "Labor market institutions and economic performance," Handbook of Labor Economics, Elsevier, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 46, pages 3029-3084 Elsevier.
  9. Vona, Francesco & Consoli, Davide, 2009. "Innovation, human capital and earning distribution: towards a dynamic life-cycle approach," MPRA Paper 13032, University Library of Munich, Germany.
  10. Audretsch, David B & Feldman, Maryann P, 1998. "Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1980, C.E.P.R. Discussion Papers.
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  15. Daron Acemoglu & Joshua Angrist, 1999. "How Large are the Social Returns to Education? Evidence from Compulsory Schooling Laws," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 99-30, Massachusetts Institute of Technology (MIT), Department of Economics.
  16. Stacy Berg Dale & Alan Krueger, 1998. "Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables," Working Papers, Princeton University, Department of Economics, Industrial Relations Section. 788, Princeton University, Department of Economics, Industrial Relations Section..
  17. Hartog,Joop & Maassen van den Brink,Henriëtte (ed.), 2009. "Human Capital," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521117562.
  18. Dominic J. Brewer & Eric Eide & Ronald G. Ehrenberg, 1996. "Does It Pay To Attend An Elite Private College? Cross Cohort Evidence on the Effects of College Quality on Earnings," NBER Working Papers 5613, National Bureau of Economic Research, Inc.
  19. Moretti, Enrico, 2004. "Human capital externalities in cities," Handbook of Regional and Urban Economics, Elsevier, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 51, pages 2243-2291 Elsevier.
  20. Francesco Daveri & Olmo Silva, 2004. "Not only Nokia: what Finland tells us about "new economy" growth," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 19(38), pages 117-163, 04.
  21. Enrico Moretti, 2002. "Estimating the Social Return to Higher Education: Evidence From Longitudinal and Repeated Cross-Sectional Data," NBER Working Papers 9108, National Bureau of Economic Research, Inc.
  22. Davide Consoli & Francesco Vona, 2011. "Innovation and Skill Dynamics: A life-cycle approach," Sciences Po publications 2011-26, Sciences Po.
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