Green, Francis;
Henseke, Golo;
(2021)
Europe’s evolving graduate labour markets: supply, demand, underemployment and pay.
Journal for Labour Market Research
, 55
(1)
, Article 2. 10.1186/s12651-021-00288-y.
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Abstract
For most students the aspiration to gain employment in a graduate job is the main motivation for going to university. Whether they fulfil this aspiration depends considerably on national graduate labour markets. We analyse the comparative evolution of these markets across Europe over the decade leading up to 2015, focusing on supply, graduate/high-skilled jobs, underemployment, wages, the graduate wage premium and the penalty for underemployment. The supply of tertiary graduates increased everywhere and converged, and this upward convergence is forecast to persist. In contrast the growth of graduate jobs was slower, not ubiquitous and nonconvergent. Underemployment was spreading, though at a modest rate; this rise was convergent but not ubiquitous. The rise was most substantial in Slovenia, Slovakia, the Czech Republic, Poland, Italy and Greece. Graduates’ real wages trended predominantly downward, but varied a great deal between countries. The graduate wage premium declined by more than one percentage point in seven countries. Inferences are drawn for the formation of education policy, for the broader discourse on HE, and for research on graduate futures.
| Type: | Article |
|---|---|
| Title: | Europe’s evolving graduate labour markets: supply, demand, underemployment and pay |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1186/s12651-021-00288-y |
| Publisher version: | http://dx.doi.org/10.1186/s12651-021-00288-y |
| Language: | English |
| Additional information: | Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. |
| Keywords: | Overeducation, Wage premium, Tertiary education, Social cohesion, Convergence |
| UCL classification: | UCL 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: | https://discovery.ucl.ac.uk/id/eprint/10121758 |
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