Too Many Graduates? An Application of the Gottschalk-Hansen Model to Young British Graduates between 2001-2010

Nigel C. O'Leary () and Peter Sloane
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Nigel C. O'Leary: Swansea University

No 8413, IZA Discussion Papers from Institute of Labor Economics (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 mark-ups 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 mark-up within occupations, we find that there has been a shift in the likelihood of young British university graduates being employed in non-graduate jobs in the recent years of our analysis. This finding is in contrast to existing studies.

Keywords: education; wages; graduates; mismatch (search for similar items in EconPapers)
JEL-codes: I2 J0 J3 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014-08
New Economics Papers: this item is included in nep-edu and nep-eur
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Citations: View citations in EconPapers (1)

Published - published in: Oxford Economic Papers, 2016, 68 (4), 945-967.

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Journal Article: Too many graduates? An application of the Gottschalk–Hansen model to young British graduates between 2001–2010 (2016)
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