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Cross-national Deployment of "Graduate Jobs": Analysis Using a New Indicator Based on High Skills Use

Henseke, G; Green, F; (2017) Cross-national Deployment of "Graduate Jobs": Analysis Using a New Indicator Based on High Skills Use. In: Polachek, S and Pouliakas, K and Russo, G and Tatsiramos, K, (eds.) Skill Mismatch in Labor Markets. (pp. 41-79). Emerald: Bingley, UK. Green open access

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Abstract

Utilising 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 thirty-one 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 labour 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.

Type: Book chapter
Title: Cross-national Deployment of "Graduate Jobs": Analysis Using a New Indicator Based on High Skills Use
ISBN-13: 9781787143784
Open access status: An open access version is available from UCL Discovery
DOI: 10.1108/S0147-912120170000045002
Publisher version: http://dx.doi.org/10.1108/S0147-912120170000045002
Language: English
Additional information: This article is © Emerald Publishing Limited and permission has been granted for this version to appear here: http://discovery.ucl.ac.uk/1542476/. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Publishing Limited.
Keywords: Graduate labour market, skill, wages, job satisfaction, higher education, labour demand, OECD
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Education, Practice and Society
URI: http://discovery.ucl.ac.uk/id/eprint/1542476
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