Too many graduates? An application of the Gottschalk-Hansen model to young British graduates between 2001-2010

Nigel O'Leary; Peter Sloane

doi:10.1093/oep/gpw027

Too many graduates? An application of the Gottschalk-Hansen model to young British graduates between 2001-2010

Nigel O'Leary, Peter Sloane

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Abstract

A model of supply and demand is applied to UK data over the period 2001-2010 to define graduate jobs in terms of the proportion of graduates and/or the graduate earnings mark-up within occupations. Within such a framework it is found that there has been an upward shift in the likelihood of young British university graduates being employed in non-graduate jobs over the course of the past decade. Such a period has coincided with a continued (and rapid) expansion of the UK higher education sector, and the findings presented here highlight the need for government policy in this area to be set in consideration of labour market needs.

Original language	English
Article number	gpw027
Pages (from-to)	945-967
Number of pages	23
Journal	Oxford Economic Papers
Volume	68
Issue number	4
DOIs	https://doi.org/10.1093/oep/gpw027
Publication status	Published - 1 Oct 2016

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10.1093/oep/gpw027

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Too many graduates? An application of the Gottschalk-Hansen model to young British graduates between 2001-2010

Abstract

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