Job Market Monitor
Overeducation
Overeducation in Canada – The gap between supply and demand went from zero to an 10-percentage point
“Stay in school!” is the rallying cry of many Canadian parents who see education as the key to improving their children’s standard of living. In fact, more education is generally associated with higher salaries and better working conditions. It is also linked to a wide range of other benefits, including increasing a country’s economic prosperity.… … Continue reading
Overeducated Young Workers in Europe – The role of fields of study for vertical educational mismatch
In general, the term overeducation refers to a job match in which the educational level of the worker clearly exceeds the educational requirements of the job. In the terminology of labour economics, this is often considered a vertical skill mismatch, as opposed to horizontal mismatches (workers choosing jobs with requirements outside the scope of their … Continue reading
Overeducation – The problem relates to the supply of educated labour exceeding demand coupled with an inflexible labour market
Overeducation describes the extent to which an individual possesses a level of education in excess of that which is required for their particular job. Overeducation is potentially costly to the economy, the firm and the individual. At a macroeconomic level, national welfare is potentially lower than would be the case if the skills of all … Continue reading
Overeducation in Europe – Its rise is by no means a universal pattern
After analysing the time-series data, the study finds that while overeducation tends to rise over time in a number of European countries, this is by no means a universal pattern. Overeducation was found to be static and had even declined in some European countries. Indeed, a positive finding was that overeducation had not risen in … Continue reading
Overeducation in Europe – Wide variations across countries and not rising rapidly over time in all countries
Overeducation is known to be costly to workers and it also has negative implications for firms and the wider macro economy. To date, the vast body of research in the area has focused on examining the incidence and impacts of overeducation within countries. This paper attempts to examine patterns in overeducation between countries using a … Continue reading
Over-Education in Canada – The effects on life satisfaction weaker in the immigrant population
The increased migration of skilled workers globally has led to a focus in the immigration literature on the economic costs of unsuccessful labour market integration. Less attention has been given to the consequences of employment difficulties, such as those related to over-education, on aspects of immigrants’ subjective well-being. Although a large proportion of immigrants experience … Continue reading
Overeducation does not significantly affect people’s mental well-being, overskilling does
The labor market outcomes of education–occupation mismatches have been extensively studied during the last three decades. Overeducation, in which case workers have received more years of education than is required for their job, is prevalent and widespread in many countries. Studies generally find that overeducation has adverse consequences for labour market outcomes. Overeducated workers are … Continue reading
Graduates in Non-Graduate Occupations in UK – Many remain in those jobs and lose contact with potential graduate employers
This report considers graduates employed in non-graduate occupations. Using survey data from Futuretrack and Moving On, it compares the early career paths of two graduate cohorts. Those who graduated in 1999 (‘the class of 1999’) are contrasted with those who applied for higher education in 2006 and subsequently graduated in 2009 from a three-year course … Continue reading
Ph.D. and Overeducation in Italy – 31.28% of them report that their Ph.D. title was not useful to get the job they were carrying
In 2009, ISTAT carried out a survey of Ph.D. holders who completed their studies three and five years earlier, in 2006 and in 2004, respectively. The data reveals that unemployment among Ph.D. holders is lower than what is reported for university graduates. A share as high as 92.5% of doctors who completed their studies in … Continue reading
Overeducation in Europe – Take time to ensure that the job matches your skill set
The literature on skill mismatch has grown significantly over the years, where skills mismatch is usually defined either in terms of excess or deficient qualifications and skills possessed by individuals relative to job‐skill requirements. Evidence from several advanced economies has shown that skill mismatch is a widespread phenomenon, typically affecting about one third of the … Continue reading
Overeducated in the EU – Taking time to ensure that the job matches your skill set has a big pay‐off
Studies of skill mismatch tend to focus on one of two central measures (a) overskilling which describes the phenomena whereby workers are unable to use a range of their skills and abilities in their current job and (b) overeducation, which describes the phenomena whereby workers have acquired a level of schooling in excess of what … Continue reading
Overeducation in US – 66% of workers remaining overeducated after one year research finds
In their paper The career prospects of overeducated Americans, (Preliminary version) @ unc.edu Brian Clark, Clément Joubert and Arnaud Maurel analyze career dynamics for the substantial share of U.S. workers who are deemed overeducated in the literature. They use data from the National Longitudinal Survey of Youth 1979 combined with the pooled 1989-1991 waves of the … Continue reading
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