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Title:Graduate employment in the UK: an application of the Gottschalk-Hansen model PDF Logo
Authors:Grazier, Suzanne
O'Leary, Nigel C.
Sloane, Peter J.
Issue Date:2008
Series/Report no.:IZA Discussion Papers 3618
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 markups 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 markup within occupations, we find that the employment of graduates in non-graduate jobs has declined over time. Hence, there is no evidence of an over-production of graduates in the UK.
Subjects:Education
wages
employment
graduates
JEL:I2
Persistent Identifier of the first edition:urn:nbn:de:101:1-2008080780
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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