THE EFFECTS OF MACROECONOMIC CONDITIONS AT GRADUATION ON OVEREDUCATION
This article shows that unfavorable economic conditions at graduation decrease the likelihood of a good job‐worker match over a worker's subsequent career. Mismatch is quantified in terms of overeducation by both industry and occupation. The German Socio‐Economic Panel and region‐level unemploy...
Gespeichert in:
| Veröffentlicht in: | Economic inquiry 2017-07, Vol.55 (3), p.1370-1387 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 1387 |
|---|---|
| container_issue | 3 |
| container_start_page | 1370 |
| container_title | Economic inquiry |
| container_volume | 55 |
| creator | Summerfield, Fraser Theodossiou, Ioannis |
| description | This article shows that unfavorable economic conditions at graduation decrease the likelihood of a good job‐worker match over a worker's subsequent career. Mismatch is quantified in terms of overeducation by both industry and occupation. The German Socio‐Economic Panel and region‐level unemployment rates from 1994 to 2012 are used. Instrumental variables estimates account for endogenous graduation timing. A single percentage point increase in regional unemployment causes an increase in the probability of overeducation of 1.6–1.7 percentage points for university graduates. Effects for technical tertiary education and apprenticeship graduates are smaller. Labor market entry conditions affect workers for up to 9 years after graduation. (JEL J23, J22, E32, I23) |
| doi_str_mv | 10.1111/ecin.12446 |
| format | Article |
| fullrecord | <record><control><sourceid>gale_proqu</sourceid><recordid>TN_cdi_proquest_journals_1903094834</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><galeid>A498581547</galeid><sourcerecordid>A498581547</sourcerecordid><originalsourceid>FETCH-LOGICAL-c5786-793f84903fe8b4688cf19ec3aecb2dcc1b90e437d8ac10d484384a5e0f1c507d3</originalsourceid><addsrcrecordid>eNp90kFLwzAUAOAgCs7pxV9Q8KTYmSxJmx5r124Ft8LsvIYsTWdla7Vp0f17s1XQwTAJeSR87yWHB8A1ggNkxoOSRTlAQ0KcE9BDxKG2O_ToKehB6FF7SBk-Bxdav0EIsUNpD0TpJLTCKAqD9NlKImvqB_MkDJJZMo0Dy8RRnMbJ7NnyU2s890cLf3e0duslnIejRbC_uARnuVhrdfUT-2ARhWkwsZ-ScRz4T7akLnNs18M5Ix7EuWJL4jAmc-QpiYWSy2EmJVp6UBHsZkxIBDPCCGZEUAVzJCl0M9wHN13d97r6aJVu-FvV1qV5kiNTFnqEYfKrVmKteFHmVVMLuSm05D7xGGWIEtco-4haqVLVYl2VKi_M9YEfHPFmZmpTyKMJtwcJxjTqq1mJVmseP44P7f0fu2x1USptNl2sXhvdpRzwu47LutK6Vjl_r4uNqLccQb7rBL7rBL7vBINRhz_NB7f_SB4G8azL-QZu4qtI</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1903094834</pqid></control><display><type>article</type><title>THE EFFECTS OF MACROECONOMIC CONDITIONS AT GRADUATION ON OVEREDUCATION</title><source>Wiley Online Library</source><creator>Summerfield, Fraser ; Theodossiou, Ioannis</creator><creatorcontrib>Summerfield, Fraser ; Theodossiou, Ioannis</creatorcontrib><description>This article shows that unfavorable economic conditions at graduation decrease the likelihood of a good job‐worker match over a worker's subsequent career. Mismatch is quantified in terms of overeducation by both industry and occupation. The German Socio‐Economic Panel and region‐level unemployment rates from 1994 to 2012 are used. Instrumental variables estimates account for endogenous graduation timing. A single percentage point increase in regional unemployment causes an increase in the probability of overeducation of 1.6–1.7 percentage points for university graduates. Effects for technical tertiary education and apprenticeship graduates are smaller. Labor market entry conditions affect workers for up to 9 years after graduation. (JEL J23, J22, E32, I23)</description><identifier>ISSN: 0095-2583</identifier><identifier>EISSN: 1465-7295</identifier><identifier>DOI: 10.1111/ecin.12446</identifier><language>eng</language><publisher>Boston, USA: Wiley Periodicals, Inc</publisher><subject>Analysis ; Apprenticeships ; College graduates ; Economic conditions ; Educational attainment ; Endogenous ; Higher education ; Labor market ; Macroeconomics ; Market entry ; Overeducation ; Overqualification ; Socioeconomic factors ; Unemployment ; United Kingdom</subject><ispartof>Economic inquiry, 2017-07, Vol.55 (3), p.1370-1387</ispartof><rights>2017 Western Economic Association International</rights><rights>COPYRIGHT 2017 Blackwell Publishers Ltd.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c5786-793f84903fe8b4688cf19ec3aecb2dcc1b90e437d8ac10d484384a5e0f1c507d3</citedby><cites>FETCH-LOGICAL-c5786-793f84903fe8b4688cf19ec3aecb2dcc1b90e437d8ac10d484384a5e0f1c507d3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fecin.12446$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fecin.12446$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1417,27924,27925,45574,45575</link.rule.ids></links><search><creatorcontrib>Summerfield, Fraser</creatorcontrib><creatorcontrib>Theodossiou, Ioannis</creatorcontrib><title>THE EFFECTS OF MACROECONOMIC CONDITIONS AT GRADUATION ON OVEREDUCATION</title><title>Economic inquiry</title><description>This article shows that unfavorable economic conditions at graduation decrease the likelihood of a good job‐worker match over a worker's subsequent career. Mismatch is quantified in terms of overeducation by both industry and occupation. The German Socio‐Economic Panel and region‐level unemployment rates from 1994 to 2012 are used. Instrumental variables estimates account for endogenous graduation timing. A single percentage point increase in regional unemployment causes an increase in the probability of overeducation of 1.6–1.7 percentage points for university graduates. Effects for technical tertiary education and apprenticeship graduates are smaller. Labor market entry conditions affect workers for up to 9 years after graduation. (JEL J23, J22, E32, I23)</description><subject>Analysis</subject><subject>Apprenticeships</subject><subject>College graduates</subject><subject>Economic conditions</subject><subject>Educational attainment</subject><subject>Endogenous</subject><subject>Higher education</subject><subject>Labor market</subject><subject>Macroeconomics</subject><subject>Market entry</subject><subject>Overeducation</subject><subject>Overqualification</subject><subject>Socioeconomic factors</subject><subject>Unemployment</subject><subject>United Kingdom</subject><issn>0095-2583</issn><issn>1465-7295</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><sourceid>N95</sourceid><recordid>eNp90kFLwzAUAOAgCs7pxV9Q8KTYmSxJmx5r124Ft8LsvIYsTWdla7Vp0f17s1XQwTAJeSR87yWHB8A1ggNkxoOSRTlAQ0KcE9BDxKG2O_ToKehB6FF7SBk-Bxdav0EIsUNpD0TpJLTCKAqD9NlKImvqB_MkDJJZMo0Dy8RRnMbJ7NnyU2s890cLf3e0duslnIejRbC_uARnuVhrdfUT-2ARhWkwsZ-ScRz4T7akLnNs18M5Ix7EuWJL4jAmc-QpiYWSy2EmJVp6UBHsZkxIBDPCCGZEUAVzJCl0M9wHN13d97r6aJVu-FvV1qV5kiNTFnqEYfKrVmKteFHmVVMLuSm05D7xGGWIEtco-4haqVLVYl2VKi_M9YEfHPFmZmpTyKMJtwcJxjTqq1mJVmseP44P7f0fu2x1USptNl2sXhvdpRzwu47LutK6Vjl_r4uNqLccQb7rBL7rBL7vBINRhz_NB7f_SB4G8azL-QZu4qtI</recordid><startdate>201707</startdate><enddate>201707</enddate><creator>Summerfield, Fraser</creator><creator>Theodossiou, Ioannis</creator><general>Wiley Periodicals, Inc</general><general>Blackwell Publishers Ltd</general><general>Western Economic Association</general><scope>AAYXX</scope><scope>CITATION</scope><scope>N95</scope><scope>XI7</scope><scope>IBG</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>K9.</scope></search><sort><creationdate>201707</creationdate><title>THE EFFECTS OF MACROECONOMIC CONDITIONS AT GRADUATION ON OVEREDUCATION</title><author>Summerfield, Fraser ; Theodossiou, Ioannis</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c5786-793f84903fe8b4688cf19ec3aecb2dcc1b90e437d8ac10d484384a5e0f1c507d3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2017</creationdate><topic>Analysis</topic><topic>Apprenticeships</topic><topic>College graduates</topic><topic>Economic conditions</topic><topic>Educational attainment</topic><topic>Endogenous</topic><topic>Higher education</topic><topic>Labor market</topic><topic>Macroeconomics</topic><topic>Market entry</topic><topic>Overeducation</topic><topic>Overqualification</topic><topic>Socioeconomic factors</topic><topic>Unemployment</topic><topic>United Kingdom</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Summerfield, Fraser</creatorcontrib><creatorcontrib>Theodossiou, Ioannis</creatorcontrib><collection>CrossRef</collection><collection>Gale Business: Insights</collection><collection>Business Insights: Essentials</collection><collection>Gale in Context: Biography</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Health & Medical Complete (Alumni)</collection><jtitle>Economic inquiry</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Summerfield, Fraser</au><au>Theodossiou, Ioannis</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>THE EFFECTS OF MACROECONOMIC CONDITIONS AT GRADUATION ON OVEREDUCATION</atitle><jtitle>Economic inquiry</jtitle><date>2017-07</date><risdate>2017</risdate><volume>55</volume><issue>3</issue><spage>1370</spage><epage>1387</epage><pages>1370-1387</pages><issn>0095-2583</issn><eissn>1465-7295</eissn><abstract>This article shows that unfavorable economic conditions at graduation decrease the likelihood of a good job‐worker match over a worker's subsequent career. Mismatch is quantified in terms of overeducation by both industry and occupation. The German Socio‐Economic Panel and region‐level unemployment rates from 1994 to 2012 are used. Instrumental variables estimates account for endogenous graduation timing. A single percentage point increase in regional unemployment causes an increase in the probability of overeducation of 1.6–1.7 percentage points for university graduates. Effects for technical tertiary education and apprenticeship graduates are smaller. Labor market entry conditions affect workers for up to 9 years after graduation. (JEL J23, J22, E32, I23)</abstract><cop>Boston, USA</cop><pub>Wiley Periodicals, Inc</pub><doi>10.1111/ecin.12446</doi><tpages>18</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0095-2583 |
| ispartof | Economic inquiry, 2017-07, Vol.55 (3), p.1370-1387 |
| issn | 0095-2583 1465-7295 |
| language | eng |
| recordid | cdi_proquest_journals_1903094834 |
| source | Wiley Online Library |
| subjects | Analysis Apprenticeships College graduates Economic conditions Educational attainment Endogenous Higher education Labor market Macroeconomics Market entry Overeducation Overqualification Socioeconomic factors Unemployment United Kingdom |
| title | THE EFFECTS OF MACROECONOMIC CONDITIONS AT GRADUATION ON OVEREDUCATION |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-07T17%3A47%3A26IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=THE%20EFFECTS%20OF%20MACROECONOMIC%20CONDITIONS%20AT%20GRADUATION%20ON%20OVEREDUCATION&rft.jtitle=Economic%20inquiry&rft.au=Summerfield,%20Fraser&rft.date=2017-07&rft.volume=55&rft.issue=3&rft.spage=1370&rft.epage=1387&rft.pages=1370-1387&rft.issn=0095-2583&rft.eissn=1465-7295&rft_id=info:doi/10.1111/ecin.12446&rft_dat=%3Cgale_proqu%3EA498581547%3C/gale_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1903094834&rft_id=info:pmid/&rft_galeid=A498581547&rfr_iscdi=true |