The changing graduate labour market: analysis using a new indicator of graduate jobs
Francis Green and
Golo Henseke
Additional contact information
Golo Henseke: UCL Institute of Education
IZA Journal of Labor Policy, 2016, vol. 5, issue 1, 1-25
Abstract:
Abstract This paper examines differentiation in the recent evolving graduate labour market in Britain. Using a novel statistically derived indicator of graduate jobs, based on job skill requirements in three-digit occupations obtained from the British Skills and Employment Survey series, we analyse trends in the labour market between 1997/2001 and 2006/2012. The indicator performs better than other indicators in validation tests, could be applied flexibly in other contexts, and is available in the Additional file 1. We find that the massive influx of graduates into the labour force has been absorbed with no increase in overeducation. However, the returns to graduation have become more dispersed, with those at the upper quartile of the residual distribution increasing, while those at the lowest quartile have fallen. The wage gap between matched and overeducated graduates increased by 11 log points. Using the British Household Panel Study, we find that the persistence of overeducation status did not change but for non-employed male graduates moving into employment, the chances of entering a graduate job decreased. JEL Classification: J21, J24, J3
Keywords: Higher education; Wages; Skills; Overeducation; Tertiary education (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)
Downloads: (external link)
http://link.springer.com/10.1186/s40173-016-0070-0 Abstract (text/html)
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: https://EconPapers.repec.org/RePEc:spr:izalpo:v:5:y:2016:i:1:d:10.1186_s40173-016-0070-0
Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40173
DOI: 10.1186/s40173-016-0070-0
Access Statistics for this article
IZA Journal of Labor Policy is currently edited by Juan F. Jimeno, David Neumark and Núria Rodríguez-Planas
More articles in IZA Journal of Labor Policy from Springer, Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().