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"Graduate Jobs" in OECD Countries: Development and Analysis of a Modern Skills-Based Indicator

Henseke, Golo and Green, Francis (2015) "Graduate Jobs" in OECD Countries: Development and Analysis of a Modern Skills-Based Indicator. Working Paper. UNSPECIFIED.

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Abstract

A recurring issue for education policy-makers is the labour market effect of the long-term global mass expansion of higher education. One way in which this question is typically addressed is through the lens of the concept of the “graduate job”. In this paper we argue the need to go beyond the traditional assumption that graduate jobs are coterminous with professional and managerial occupations. We derive a new indicator of graduate jobs, termed ISCO(HE)2008, which is conceptually based on the skills used in jobs. We use task-based data drawn from the OECD’s Survey of Adult Skills (SAS) of 2011/2012, applied to sixteen country-regions. The validity of the indicator is based on consistency with concept, the fact that it generates a plausible distribution of graduate occupations, and its predictive power in relation to wages and job satisfaction. In these respects, it performs as well as or better than hitherto existing indicators. It avoids tautological descriptions of graduate jobs. The derivation procedure is replicable, open to public scrutiny, and sufficiently flexible to be applied in a range of settings. The results using SAS show that, unlike with the traditional classifier, several jobs in major group 3 “Technicians and Associate Professionals” are classed as graduate jobs in many countries. Altogether, 29% of jobs are classified as graduate jobs in the 16 OECD country-regions for which we have data. But there is considerable variation across industries. Graduate jobs are more prevalent in industries with high R&D intensity, in large establishments, and where the establishments are publicly owned. Across countries Germany and Japan each deploy low proportions of graduate jobs, while Norway and the Netherlands are at the opposite extreme. In the short period from 2011 to 2013, the proportion of graduate jobs has become more diverse across countries.

Item Type: Monograph (Working Paper)
Depositing User: Atira Pure
Date Deposited: 30 Oct 2015 15:31
Last Modified: 30 Oct 2015 15:31
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