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

Peter Sloane, Nigel O'Leary Orcid Logo

Oxford Economic Papers, Volume: 68, Issue: 4, Pages: 945 - 967

Swansea University Authors: Peter Sloane, Nigel O'Leary Orcid Logo

DOI (Published version): 10.1093/oep/gpw027

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 Bri...

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Published in: Oxford Economic Papers
Published: 2016
URI: https://cronfa.swan.ac.uk/Record/cronfa26504
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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.
College: Faculty of Humanities and Social Sciences
Issue: 4
Start Page: 945
End Page: 967