Too Many Graduates? An Application of the Gottschalk-Hansen Model to Young British Graduates between 2001-2010

Arbeitspapier

There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate mark-ups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education suggests that many graduates are unable to find employment in graduate jobs and the proportion over-educated has risen over time. Using a simple supply and demand model applied to UK data that defines graduate jobs in terms of the proportion of graduates and/or the graduate earnings mark-up within occupations, we find that there has been a shift in the likelihood of young British university graduates being employed in non-graduate jobs in the recent years of our analysis. This finding is in contrast to existing studies.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 8413

Classification and Topics

• Classification: Wirtschaft
• Subject: education ; wages ; graduates ; mismatch

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): O'Leary, Nigel C. ; Sloane, Peter J.
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/101816
• Last update: 10.03.2025, 11:42 AM CET