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An investigation into the role of human capital competences and their pay-off

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  • Heijke,Hans
  • Meng,Christoph
  • Ramaekers,Ger

    (ROA rm)

Abstract

Learning is possible both in school and later on when working. The learning process is thereby dependent on the context wherein it takes place. This implies that in particular three groups of competences can be distinguished. First of all, competences acquired in school, which are of direct use in later work, secondly, competences acquired in school, which facilitate acquiring new competences after graduation from school and finally, competences acquired mainly in a working context. Using a unique dataset on Italian university graduates, the target of this paper is to show that these three competences can indeed be distinguished and to discuss their different roles and pay-offs in the labour market.We will show that, firstly, the level of field-specific skills obtained in higher education offers graduates a comparative advantage when working inside the own field-specific domain and therefore has a pay-off for those graduates who are able to find a job in their own field-specific domain; secondly, that management skills are valued in the labour market but seem to be more effectively acquired in a working context than in higher education and thirdly, that general academic competences acquired in higher education do not pay off directly but have a significant supportive role when learning skills that have a direct pay-off in the labour market but are more effectively acquired outside education.

Suggested Citation

  • Heijke,Hans & Meng,Christoph & Ramaekers,Ger, 2003. "An investigation into the role of human capital competences and their pay-off," ROA Research Memorandum 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
  • Handle: RePEc:unm:umaror:2003001
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    References listed on IDEAS

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    Cited by:

    1. Julio Grao & Luis Vila & José-Gines Mora & Pedro José Pérez Vázquez & Carlos Ochoa Laburu & Cristina Uriarte & José Miguel Carot & Marian Iriarte, 2011. "Aportación de la universidad y de la experiencia laboral al desarrollo de competencias en la juventud egresada," Investigaciones de Economía de la Educación volume 6,in: Antonio Caparrós Ruiz (ed.), Investigaciones de Economía de la Educación 6, edition 1, volume 6, chapter 35, pages 563-576 Asociación de Economía de la Educación.
    2. Denisova, Irina & Kartseva, Marina, 2007. "A Premium for a Degree in Engineering: An Estimation of Returns to the Field-Specific Education in Russia," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 5(1), pages 30-57.
    3. Meng,Christoph & Heijke,Hans, 2005. "Student time allocation, the learning environment and the acquisition of competencies," ROA Research Memorandum 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    4. Dieter Verhaest & Eddy Omey, 2013. "The Relationship Between Formal Education And Skill Acquisition In Young Workers' First Jobs," Manchester School, University of Manchester, vol. 81(4), pages 638-659, July.
    5. Mañé Vernet, Ferran & Miravet, Daniel, 2010. "Sobreeducación y Sobrecualificación en los Universitarios Catalanes. Una perspectiva de género," Working Papers 2072/179592, Universitat Rovira i Virgili, Department of Economics.
    6. Heijke, Hans & Meng, Christoph & Ris, Catherine, 2003. "Fitting to the job: the role of generic and vocational competencies in adjustment and performance," Labour Economics, Elsevier, vol. 10(2), pages 215-229, April.
    7. repec:eur:ejlsjr:68 is not listed on IDEAS
    8. Martín Martín-González & Daniel Ondé Pérez & Carmen Perez-Esparrells, 2015. "El impacto de las competencias en la empleabilidad de los titulados universitarios de las universidades valencianas," Investigaciones de Economía de la Educación volume 10,in: Marta Rahona López & Jennifer Graves (ed.), Investigaciones de Economía de la Educación 10, edition 1, volume 10, chapter 35, pages 687-708 Asociación de Economía de la Educación.
    9. Fatima Suleman & Jean-Jacques Paul, 2007. "Diversity of human capital attributes and diversity of remunerations," Post-Print halshs-00181402, HAL.
    10. Mañé Vernet, Ferran, 2010. "El retorno a las competencias para los titulados universitarios catalanes," Working Papers 2072/179591, Universitat Rovira i Virgili, Department of Economics.
    11. Sergey Roshchin & Victor Rudakov, 2015. "Do Starting Salaries for Graduates Measure the Quality of Education? A Review of Studies by Russian and Foreign Authors," Educational Studies, Higher School of Economics, issue 1, pages 137-181.
    12. R. Antonietti, 2006. "The skill content of technological change. Some conjectures on the role of education and job-training in reducing the timing of new technology adoption," Working Papers 556, Dipartimento Scienze Economiche, Universita' di Bologna.
    13. Ferran Mane & Daniel Miravet, 2016. "Using the job requirements approach and matched employer-employee data to investigate the content of individuals’ human capital
      [Messung von individuellem Humankapital auf Basis des „Jobanforderung
      ," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 49(2), pages 133-155, October.
    14. Jaime Andrés Sarmiento Espinel** & Luis Eduardo Sandoval Garrido, 2008. "Análisis descriptivo de los resultados de los Ecaes en economía (2004- 2006)," REVISTA FACULTAD DE CIENCIAS ECONÓMICAS, UNIVERSIDAD MILITAR NUEVA GRANADA, December.
    15. Markus Klein, 2016. "The association between graduates’ field of study and occupational attainment in West Germany, 1980–2008
      [Der Zusammenhang zwischen Studienfach und beruflichem Erfolg von Hochschulabsolventen in We
      ," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 49(1), pages 43-58, July.
    16. Verhaest, Dieter & Omey, Eddy, 2009. "The relation between formal education and skill acquisition in young workers first job," Working Papers 2009/07, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    17. Semeijn,Judith, H. & Velden,Rolf,van der & Heijke,Hans & Vleuten,Cees,van der & Boshuizen,Henny, P.A., 2005. "Competence indicators in academic education and early labour market success of graduates in health sciences," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    18. Abdul Suleman & Fatima Suleman, 2012. "Ranking by competence using a fuzzy approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 46(1), pages 323-339, January.
    19. Heijke Hans & Meng Christoph, 2007. "Discipline-specific and academic competencies of the higher educated: their value in the labour market and their acquisition in education," ROA Working Paper 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    20. Mañé Vernet, Ferran & Miravet, Daniel, 2010. "An investigation on the pay-off to generic competences for core employees in Catalan manufacturing firms," Working Papers 2072/179595, Universitat Rovira i Virgili, Department of Economics.
    21. Fatima Suleman & Jean-Jacques Paul, 2008. "Diversity of human capital attributes and diversity of remunerating systems," Post-Print halshs-00260115, HAL.

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    labour market entry and occupational careers;

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