Educational qualifications mismatch in Europe. Is it demand or supply driven?

Emanuela Ghignoni and Alina Verashchagina ()

Journal of Comparative Economics, 2014, vol. 42, issue 3, 670-692

Abstract: Most papers dealing with individual overeducation risks focus on labour supply characteristics and workers’ behaviour. On the other hand, only few studies consider labour demand characteristics and technological change. In this paper we analyse the influence of both demand and supply factors on educational mismatch in a set of 10 European countries. Our hypothesis, confirmed by results obtained using ordered probit model with sample selection, is that demand factors generally play a major role in reducing educational mismatch in technologically more advanced countries, whereas supply factors are more important in countries that are lagging behind in the international division of labour. At the same time, important cross-country and gender differences have been identified in how the demand/supply factors operate. All this calls for the fine-tuning of policies intended to tackle the problem of educational mismatch.

Keywords: Overeducation; Undereducation; Demand; Supply; Ordered Probit (search for similar items in EconPapers)
JEL-codes: C35 I2 J24 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (21)

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Working Paper: Educational qualifications mismatch in EuropeIs it demand or supply driven? (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jcecon:v:42:y:2014:i:3:p:670-692

DOI: 10.1016/j.jce.2013.06.006

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