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Skill mismatch and overeducation in transition economies

Author

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  • Olga Kupets

    (National University of Kyiv–Mohyla Academy, Ukraine, World Bank, USA, and IZA, Germany)

Abstract

Large imbalances between the supply and demand for skills in transition economies are driven by rapid economic restructuring, misalignment of the education system with labor market needs, and underdeveloped adult education and training systems. The costs of mismatches can be large and long-lasting for workers, firms, and economies, with long periods of overeducation implying a loss of human capital for individuals and ineffective use of resources for the economy. To make informed decisions, policymakers need to understand how different types of workers and firms are affected by overeducation and skill shortages.

Suggested Citation

  • Olga Kupets, 2015. "Skill mismatch and overeducation in transition economies," IZA World of Labor, Institute of Labor Economics (IZA), pages 224-224, December.
  • Handle: RePEc:iza:izawol:journl:y:2015:n:224
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    References listed on IDEAS

    as
    1. Anna Lovasz & Barbara Pertold-Gebicka, 2011. "College Degree Supply, Productivity Spillovers and Occupational Allocation of Graduates in Central European Countries," Budapest Working Papers on the Labour Market 1103, Institute of Economics, Centre for Economic and Regional Studies.
    2. Müge Adalet McGowan & Dan Andrews, 2017. "Labor Market Mismatch and Labor Productivity: Evidence from PIAAC Data," Research in Labor Economics, in: Solomon W. Polachek & Konstantinos Pouliakas & Giovanni Russo & Konstantinos Tatsiramos (ed.),Skill Mismatch in Labor Markets, volume 45, pages 199-241, Emerald Publishing Ltd.
    3. Lamo, Ana & Messina, Julián, 2010. "Formal education, mismatch and wages after transition: Assessing the impact of unobserved heterogeneity using matching estimators," Economics of Education Review, Elsevier, vol. 29(6), pages 1086-1099, December.
    4. Kiersztyn, Anna, 2013. "Stuck in a mismatch? The persistence of overeducation during twenty years of the post-communist transition in Poland," Economics of Education Review, Elsevier, vol. 32(C), pages 78-91.
    5. Lars Sondergaard & Mamta Murthi & Dina Abu-Ghaida & Christian Bodewig & Jan Rutkowski, 2012. "Skills, Not Just Diplomas : Managing Education for Results in Eastern Europe and Central Asia," World Bank Publications, The World Bank, number 2368, December.
    6. António Morgado & Tiago Neves Sequeira & Marcelo Santos & Alexandra Ferreira-Lopes & Ana Balcão Reis, 2016. "Measuring Labour Mismatch in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(1), pages 161-179, October.
    7. Raul Ramos & Jordi Surinach & Manuel Art�s, 2012. "Regional Economic Growth and Human Capital: The Role of Over-education," Regional Studies, Taylor & Francis Journals, vol. 46(10), pages 1389-1400, November.
    8. Olga Kupets, 2015. "Education in transition and job mismatch: Evidence from the skills survey in non-EU transition economies," KIER Working Papers 915, Kyoto University, Institute of Economic Research.
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    Citations

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    Cited by:

    1. Alexei Kolokolov, 2011. "Futures hedging: Multivariate GARCH with dynamic conditional correlations (in Russian)," Quantile, Quantile, issue 9, pages 61-75, July.
    2. SAM, Vichet, 2018. "Overeducation among graduates in developing countries: What impact on economic growth?," MPRA Paper 87674, University Library of Munich, Germany.
    3. Oksana Nezhyvenko, 2018. "Informal Employment in Ukraine and European Union Transition Countries," Erudite Ph.D Dissertations, Erudite, number ph18-03 edited by Philippe Adair, May.
    4. Mariia Vasiakina & Silvana Robone, 2018. "Education-job mismatch as a determinant of health: evidence from the Russian Federation," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - Italian Review of Economics, Demography and Statistics, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 72(4), pages 101-111, October-D.
    5. Berhe Mekonnen Beyene and & Tsegay Gebrekidan Tekleselassie, 2018. "The State, Determinants, and Consequences of Skills Mismatch in the Ethiopian Labour Market," Working Papers 021, Ethiopian Development Research Institute.
    6. Nelson Oviedo & Gustavo Yamada, 2017. "Educación superior y subempleo profesional, ¿Una creciente burbuja mundial?," Working Papers 1609, Departamento de Economía, Universidad del Pacífico, revised Feb 2017.

    More about this item

    Keywords

    overeducation; skills development; transition countries;

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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