Are We Wasting Our Talent? Overqualification and Overskilling Among PhD Graduates

XREAP Document de Treball No. 2014-06

49 Pages Posted: 19 Jun 2014

See all articles by Antonio Di Paolo

Antonio Di Paolo

University of Barcelona

Ferran Mane

Universitat Rovira i Virgili

Date Written: June 17, 2014

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

Suggested Citation

Di Paolo, Antonio and Mane, Ferran, Are We Wasting Our Talent? Overqualification and Overskilling Among PhD Graduates (June 17, 2014). XREAP Document de Treball No. 2014-06, Available at SSRN: https://ssrn.com/abstract=2456012 or http://dx.doi.org/10.2139/ssrn.2456012

Antonio Di Paolo (Contact Author)

University of Barcelona ( email )

Gran Via de les Corts Catalanes, 585
Barcelona, 08007
Spain

Ferran Mane

Universitat Rovira i Virgili ( email )

Reus, tarragona 43204
Spain
34 977 759847 (Phone)

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