IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Foreign university graduates in the Greek labour market: Employment, salaries and overeducation

Listed author(s):
  • Theodore P. Lianos

    (Athens University of Economics and Business, Greece)

  • D. Asteriou

    (City University, UK)

  • G.M. Agiomirgianakis

Greece is ranked among the first countries of the world in terms of student migration, while compared with other EU countries Greece has the highest number of students studying in other member states. Although the issue of migrating Greek students is constantly analysed in the newspapers, and often in relation to the educational policy adopted in Greece, 1 most of the academic literature (Kanellopoulos and Psacharopoulos, 1997) is focused either on the cost side of this phenomenon in terms of expenditure and its implications for the balance of payments or on the loss of brains (Brain Drain) when the best students remain abroad. So far, to the best of our knowledge, no research effort has been devoted to examining how well these students perform in the Greek labour market when they return home after completion of their studies. More specifically, in this paper we examine the performance of foreign university graduates with respect to three aspects: (a) the length of time between the completion of their studies and employment; (b) the extent to which these graduates are employed in professions for which they studied; and (c) the extent to which they are overqualified in the performance of the job which they hold. Our findings suggest that (i) EU graduates are better placed in the Greek labour market, from an employability point of view, compared with graduates from all other countries and also get higher salaries compared with those who have been educated elsewhere, and particularly those educated in the Balkan countries; (ii) factors leading to higher returns after graduation are previous work experience, whether the graduate had worked systematically in the past and also if their qualification is at MSc|MA level or higher. Moreover, graduates perceiving that their qualifications are higher than their job requirements are getting higher returns; (iii) graduates with parents having a university qualification do not consider themselves as overqualified. This probably indicates that the perception of being overeducated or not is based to some degree on past family achievements and consequently one's decision to undertake studies, and the level of these studies, is taken on family, social and cultural grounds; (iv) overeducation does not place graduates in a better position from the point of view of employability, however, overeducated graduates do have higher salaries. Copyright © 2004 John Wiley & Sons, Ltd.

If 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.

File URL:
File Function: Link to full text; subscription required
Download Restriction: no

Article provided by John Wiley & Sons, Ltd. in its journal International Journal of Finance & Economics.

Volume (Year): 9 (2004)
Issue (Month): 2 ()
Pages: 151-164

in new window

Handle: RePEc:ijf:ijfiec:v:9:y:2004:i:2:p:151-164
DOI: 10.1002/ijfe.238
Contact details of provider: Web page:

Order Information: Web:

References listed on IDEAS
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.:

in new window

  1. Allen, Jim & van der Velden, Rolf, 2001. "Educational Mismatches versus Skill Mismatches: Effects on Wages, Job Satisfaction, and On-the-Job Search," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 434-452, July.
  2. McGoldrick, KimMarie & Robst, John, 1996. "Gender Differences in Overeducation: A Test of the Theory of Differential Overqualification," American Economic Review, American Economic Association, vol. 86(2), pages 280-284, May.
  3. Dolton, Peter & Vignoles, Anna, 2000. "The incidence and effects of overeducation in the U.K. graduate labour market," Economics of Education Review, Elsevier, vol. 19(2), pages 179-198, April.
  4. Sicherman, Nachum, 1991. ""Overeducation" in the Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 9(2), pages 101-122, April.
  5. H. Battu & C. R. Belfield & P. J. Sloane, 1999. "Overeducation Among Graduates: a cohort view," Education Economics, Taylor & Francis Journals, vol. 7(1), pages 21-38.
  6. Dolton, Peter & Silles, Mary, 2001. "Over education in the graduate labour market: some evidence from alumni data," LSE Research Online Documents on Economics 19546, London School of Economics and Political Science, LSE Library.
  7. Hersch, Joni, 1991. "Education Match and Job Match," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 140-144, February.
  8. Tsang, Mun C. & Levin, Henry M., 1985. "The economics of overeducation," Economics of Education Review, Elsevier, vol. 4(2), pages 93-104, April.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ijf:ijfiec:v:9:y:2004:i:2:p:151-164. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)

or (Christopher F. Baum)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.