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Are we wasting our talent? Overqualification and overskilling among PhD graduates

  • Antonio Di Paolo

    ()

    (Grup d'Anàlisi Quantitativa Regional, AQR-IREA, Universitat de Barcelona, Av. Diagonal, 690, 08034 Barcelona, Spain)

  • Ferran Mañé

    ()

    (Universitat Rovira i Virgili & CREIP)

Drawing on a very rich data set from a recent cohort of PhD graduates, we examine the correlates and consequences of qualification and skills mismatch. We show that job characteristics such as the economic sector and the main activity at work play a fundamental direct role in explaining the probability of being well matched. However, the effect of academic attributes seems to be mainly indirect, since it disappears once we control for the full set of work characteristics. We detected a significant earnings penalty for those who are both overqualified and overskilled and also showed that being mismatched reduces job satisfaction, especially for those whose skills are underutilized. Overall, the problem of mismatch among PhD graduates is closely related to demand-side constraints of the labor market. Increasing the supply of adequate jobs and broadening the skills PhD students acquire during training should be explored as possible responses.

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File URL: http://www.pcb.ub.edu/xreap/aplicacio/fitxers/XREAP2014-06.pdf
File Function: First version, 2014
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File URL: http://www.pcb.ub.edu/xreap/aplicacio/fitxers/XREAP2014-06.pdf
File Function: Revised version, 2014
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Paper provided by Xarxa de Referència en Economia Aplicada (XREAP) in its series Working Papers with number XREAP2014-06.

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Length: 49 pages
Date of creation: Jun 2014
Date of revision: Jun 2014
Handle: RePEc:xrp:wpaper:xreap2014-06
Contact details of provider: Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques i Empresarials, Universitat de Barcelona, c/ Tinent Coronel Valenzuela, 1-11, 08034 Barcelona
Phone: +34+934039653
Web page: http://www.pcb.ub.edu/xreap
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