Cross-National Deployment of “Graduate Jobs”: Analysis Using a New Indicator Based on High Skills Use
Golo Henseke () and
Francis Green ()
A chapter in Skill Mismatch in Labor Markets, 2017, vol. 45, pp 41-79 from Emerald Publishing Ltd
Abstract Utilizing work task data drawn from the OECD’s Survey of Adult Skills of 2011–2012 and 2014–2015, we derive a new skills-based indicator of graduate jobs, termed ISCO(HE)2008, for 31 countries. The indicator generates a plausible distribution of graduate occupations and explains graduates’ wages and job satisfaction better than hitherto existing indicators. Unlike with the traditional classifier, several jobs in major group 3 “Technicians and Associate Professionals” require higher education in many countries. Altogether, almost a third of labor is deployed in graduate jobs in the 31 countries, but with large cross-national differences. Industry and establishment-size composition can account for some of the variation. In addition, two indicators of the relative quality of the higher education system also contribute to the variation in the prevalence of graduate jobs across countries.
Keywords: Graduate labor market; skill; graduate job; higher education; labor demand; OECD; I23; J21; J23; J24 (search for similar items in EconPapers)
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