IDEAS home Printed from https://ideas.repec.org/p/anc/wpaper/420.html
   My bibliography  Save this paper

Over education and the great recession. The case of italian PH.D graduates

Author

Listed:
  • Barbara Ermini

    () (Universita' Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali)

  • Luca Papi

    () (Universita' Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali, MoFiR)

  • Francesca Scaturro

    () (Universita' Politecnica delle Marche, Dipartimento di Scienze Economiche e Sociali)

Abstract

This paper evaluates the impact of the Great Recession on Ph.D over-education using data drawn from four annual cohorts of Ph.D graduates surveyed by the Italian National Institute of Statistics. Over-education is examined through the definitions of both over-skilling and over-qualification.The results show that over-skilling is positively associated with the Great Recession, whereas the relationship between the crisis and over-qualification is statistically significant only when the estimated model includes interaction terms for the crisis and jobs within academia or R&D-related sectors. More generally, working on research-based activities and study experience abroad are always significant drivers to overcome any kind of job mismatch. Conversely, being self-employed increases the risk of over-education, casting some doubts on the satisfactory additionality of Ph.D employment trajectories beyond academia and research. Finally, in contrast with previous results for graduates, we find that socio-demographic variables do not exert a significant influence on Ph.D over-education.

Suggested Citation

  • Barbara Ermini & Luca Papi & Francesca Scaturro, 2017. "Over education and the great recession. The case of italian PH.D graduates," Working Papers 420, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  • Handle: RePEc:anc:wpaper:420
    as

    Download full text from publisher

    File URL: http://docs.dises.univpm.it/web/quaderni/pdf/420.pdf
    File Function: First version, 2017
    Download Restriction: no

    References listed on IDEAS

    as
    1. Kostas Mavromaras & Seamus McGuinness & Mark Wooden, 2007. "Overskilling in the Australian Labour Market," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 40(3), pages 307-312, September.
    2. Joseph G. Altonji & Lisa B. Kahn & Jamin D. Speer, 2016. "Cashier or Consultant? Entry Labor Market Conditions, Field of Study, and Career Success," Journal of Labor Economics, University of Chicago Press, vol. 34(S1), pages 361-401.
    3. Buchel, Felix & van Ham, Maarten, 2003. "Overeducation, regional labor markets, and spatial flexibility," Journal of Urban Economics, Elsevier, vol. 53(3), pages 482-493, May.
    4. Ron Martin & Peter Sunley, 2015. "On the notion of regional economic resilience: conceptualization and explanation," Journal of Economic Geography, Oxford University Press, vol. 15(1), pages 1-42.
    5. Kampelmann, Stephan & Rycx, François, 2012. "The impact of educational mismatch on firm productivity: Evidence from linked panel data," Economics of Education Review, Elsevier, vol. 31(6), pages 918-931.
    6. Lourdes Badillo-Amador & Luis E. Vila, 2013. "Education and skill mismatches: wage and job satisfaction consequences," International Journal of Manpower, Emerald Group Publishing, vol. 34(5), pages 416-428, August.
    7. Cockx, Bart & Ghirelli, Corinna, 2016. "Scars of recessions in a rigid labor market," Labour Economics, Elsevier, vol. 41(C), pages 162-176.
    8. Paul Beaudry & David A. Green & Benjamin M. Sand, 2016. "The Great Reversal in the Demand for Skill and Cognitive Tasks," Journal of Labor Economics, University of Chicago Press, vol. 34(S1), pages 199-247.
    9. Bender, Keith A. & Roche, Kristen, 2013. "Educational mismatch and self-employment," Economics of Education Review, Elsevier, vol. 34(C), pages 85-95.
    10. 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.
    11. Giorgio Brunello & Daniele Checchi, 2007. "Does school tracking affect equality of opportunity? New international evidence," Economic Policy, CEPR;CES;MSH, vol. 22, pages 781-861, October.
    12. Giorgio Di Pietro & Peter Urwin, 2006. "Education and skills mismatch in the Italian graduate labour market," Applied Economics, Taylor & Francis Journals, vol. 38(1), pages 79-93.
    13. Hartog, Joop, 2000. "Over-education and earnings: where are we, where should we go?," Economics of Education Review, Elsevier, vol. 19(2), pages 131-147, April.
    14. Keith Bender & John Heywood, 2011. "Educational mismatch and the careers of scientists," Education Economics, Taylor & Francis Journals, vol. 19(3), pages 253-274.
    15. Sicherman, Nachum, 1991. ""Overeducation" in the Labor Market," Journal of Labor Economics, University of Chicago Press, vol. 9(2), pages 101-122, April.
    16. Leuven, Edwin & Oosterbeek, Hessel, 2011. "Overeducation and Mismatch in the Labor Market," Handbook of the Economics of Education, Elsevier.
    17. 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.
    18. Van de Ven, Wynand P. M. M. & Van Praag, Bernard M. S., 1981. "The demand for deductibles in private health insurance : A probit model with sample selection," Journal of Econometrics, Elsevier, vol. 17(2), pages 229-252, November.
    19. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, June.
    20. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
    21. Sattinger, Michael, 1993. "Assignment Models of the Distribution of Earnings," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 831-880, June.
    22. Lindley, Joanne, 2009. "The over-education of UK immigrants and minority ethnic groups: Evidence from the Labour Force Survey," Economics of Education Review, Elsevier, vol. 28(1), pages 80-89, February.
    23. Rubb, Stephen, 2003. "Overeducation: a short or long run phenomenon for individuals?," Economics of Education Review, Elsevier, vol. 22(4), pages 389-394, August.
    24. Giuseppe Croce & Emanuela Ghignoni, 2012. "Demand and Supply of Skilled Labour and Overeducation in Europe: A Country-level Analysis," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(2), pages 413-439, June.
    25. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters,in: Schooling, Experience, and Earnings, pages 1-4 National Bureau of Economic Research, Inc.
    26. Floro Ernesto Caroleo & Francesco Pastore, 2012. "Overeducation at a glance. Determinants and wage effects of the educational mismatch, looking at the AlmaLaurea data," Discussion Papers 18_2012, CRISEI, University of Naples "Parthenope", Italy.
    27. Felix Buchel & Antje Mertens, 2004. "Overeducation, undereducation, and the theory of career mobility," Applied Economics, Taylor & Francis Journals, vol. 36(8), pages 803-816.
    28. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
    29. repec:eme:ijmpps:v:34:y:2013:i:1:p:416-428 is not listed on IDEAS
    30. Belman, Dale & Heywood, John S, 1997. "Sheepskin Effects by Cohort: Implications of Job Matching in a Signaling Model," Oxford Economic Papers, Oxford University Press, vol. 49(4), pages 623-637, October.
    31. Roach, Michael & Sauermann, Henry, 2010. "A taste for science? PhD scientists' academic orientation and self-selection into research careers in industry," Research Policy, Elsevier, vol. 39(3), pages 422-434, April.
    32. Giuseppe Lucio Gaeta, 2015. "Was it worth it? An empirical analysis of over-education among PhD recipients in Italy," International Journal of Social Economics, Emerald Group Publishing, vol. 42(3), pages 222-238, March.
    33. de Linde Leonard, Megan & Stanley, T.D., 2015. "Married with children: What remains when observable biases are removed from the reported male marriage wage premium," Labour Economics, Elsevier, vol. 33(C), pages 72-80.
    34. Giorgio Di Pietro & Andrea Cutillo, 2006. "University Quality and Labour Market Outcomes in Italy," LABOUR, CEIS, vol. 20(1), pages 37-62, March.
    35. Groot, Wim & Maassen van den Brink, Henriette, 2000. "Overeducation in the labor market: a meta-analysis," Economics of Education Review, Elsevier, vol. 19(2), pages 149-158, April.
    36. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, Oxford University Press, vol. 87(3), pages 355-374.
    37. Dieter Verhaest & Eddy Omey, 2006. "The Impact of Overeducation and its Measurement," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 77(3), pages 419-448, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Over-education; Over-skilling; Over-qualification; Ph.D graduates; Great Recession;

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • I2 - Health, Education, and Welfare - - Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anc:wpaper:420. 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: (Maurizio Mariotti). General contact details of provider: http://edirc.repec.org/data/deancit.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.