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

Antonio Di Paolo and Ferran Mane ()

No 201426, IREA Working Papers from University of Barcelona, Research Institute of Applied Economics

Abstract: 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.

Keywords: overskilling; overqualification; doctors; earnings; job satisfaction JEL classification: I20; J24; J28; J31 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2014-10, Revised 2014-10
New Economics Papers: this item is included in nep-edu, nep-lab and nep-lma
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Citations: View citations in EconPapers (3)

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Working Paper: Are we wasting our talent?Overqualification and overskilling among PhD graduates (2014)
Working Paper: Are we wasting our talent? Overqualification and overskilling among PhD graduates (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ira:wpaper:201426

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