Skill mismatch among UK graduates
Michela Vecchi (),
Maja Savic and
Economic Statistics Centre of Excellence (ESCoE) Discussion Papers from Economic Statistics Centre of Excellence (ESCoE)
We examine graduates' skill mismatch in the UK focusing on unobserved abilities and academic background, including a distinction between UK and foreign degrees. Approximately 30 per cent of graduates in the UK are overqualified. Among UK-educated graduates, the incidence of overqualification is considerably lower, independent of graduates' nationality. Studying in a UK institution increases the chance of a good job match and has a positive effect on wages. Studying at more selective institutions and graduating with a first-class degree also promote good job matches and higher earnings. Our results suggest that improving graduates' skills, and a better match between foreign graduates and occupations, could be effective in reducing the skill mismatch.
Keywords: graduate's skills; overqualification; university background (search for similar items in EconPapers)
JEL-codes: I21 I26 J24 J31 (search for similar items in EconPapers)
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