Graduate Employment in the UK: An Application of the Gottschalk-Hansen Model

Suzanne Grazier (), O'Leary, Nigel C. () and Peter James Sloane
Additional contact information
Suzanne Grazier: University of Wales, Swansea
O'Leary, Nigel C.: University of Wales, Swansea

No 3618, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: 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 markups 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 markup within occupations, we find that the employment of graduates in non-graduate jobs has declined over time. Hence, there is no evidence of an over-production of graduates in the UK.

Keywords: employment; wages; education; graduates (search for similar items in EconPapers)
JEL-codes: I2 J0 J3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu, nep-eec and nep-lab
Date: 2008-07
View list of references View citations in EconPapers

Downloads: (external link)
http://ftp.iza.org/dp3618.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:iza:izadps:dp3618

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute for the Study of Labor (IZA)
Address: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Contact information at EDIRC.
Series data maintained by Mark Fallak ().