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Cross-National Deployment of “Graduate Jobs”: Analysis Using a New Indicator Based on High Skills Use

Skill Mismatch in Labor Markets

ISBN: 978-1-78714-378-4, eISBN: 978-1-78714-377-7

ISSN: 0147-9121

Publication date: 11 May 2017

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

Citation

Henseke, G. and Green, F. (2017), "Cross-National Deployment of “Graduate Jobs”: Analysis Using a New Indicator Based on High Skills Use ", Skill Mismatch in Labor Markets (Research in Labor Economics, Vol. 45), Emerald Publishing Limited, Bingley, pp. 41-79. https://doi.org/10.1108/S0147-912120170000045002

Publisher

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Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited