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Are we wasting our talent? Overqualification and overskilling among PhD graduates

Antonio Di Paolo () and Ferran Mane ()

No XREAP2014-06, Working Papers from Xarxa de Referència en Economia Aplicada (XREAP)

Abstract: Drawing on a very rich data set from a recent cohort of PhD graduates, we examine the correlates and consequences of qualification and skills mismatch. We show that job characteristics such as the economic sector and the main activity at work play a fundamental direct role in explaining the probability of being well matched. However, the effect of academic attributes seems to be mainly indirect, since it disappears once we control for the full set of work characteristics. We detected a significant earnings penalty for those who are both overqualified and overskilled and also showed that being mismatched reduces job satisfaction, especially for those whose skills are underutilized. Overall, the problem of mismatch among PhD graduates is closely related to demand-side constraints of the labor market. Increasing the supply of adequate jobs and broadening the skills PhD students acquire during training should be explored as possible responses.

Keywords: overskilling; overqualification; doctors; earnings; job satisfaction (search for similar items in EconPapers)
JEL-codes: I20 J24 J28 J31 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2014-06, Revised 2014-06
New Economics Papers: this item is included in nep-edu, nep-lab, nep-lma and nep-sog
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Downloads: (external link)
http://www.xreap.cat/RePEc/xrp/pdf/XREAP2014-06.pdf First version, 2014 (application/pdf)
http://www.xreap.cat/RePEc/xrp/pdf/XREAP2014-06.pdf Revised version, 2014 (application/pdf)

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Working Paper: Are we wasting our talent?Overqualification and overskilling among PhD graduates (2014) Downloads
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