By: |
Antonio di Paolo (Department of Econometrics. University of Barcelona);
Ferran Mañé (Universitat Rovira i Virgili & CREIP) |
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 JEL classification: I20, J24, J28, J31 |
Date: |
2014–10 |
URL: |
http://d.repec.org/n?u=RePEc:aqr:wpaper:201414&r=sog |