Competencies for young European higher education graduates Labor market mismatches and their payoffs

• Published in: Higher education Vol. 55; no. 2; pp. 219 - 239
• Main Authors: Garcia-Aracil, Adela, Velden, Rolf van der
• Format: Journal Article
• Language: English
• Published: Dordrecht Springer 01.02.2008; Springer Netherlands; Springer Nature B.V
• Subjects: Akademiker; Ausland; Bedarf; Beruf; College Graduates; Competence; Earnings; Economic growth; Education; Education systems; Educational Attainment; Educational planning; Employment; Europa; Europe; Europeans; Foreign Countries; Graduates; Higher Education; Hochschullehre; Human capital; Income; Job Satisfaction; Job Training; Knowledge management; Labor economics; Labor Market; Labor markets; Labour economics; Labour market; Labour market structure; Occupations; On the Job Training; Original Paper; Outcomes of education; Policy making; Productivity; Rewards; Second language learning; Skill Obsolescence; Skills; Statistics; Student; Studium; Surplus; Vocational education; Wages; Wages & salaries; Work Experience; Workers; New York; United States > US; Europe; Germany; Assignment theory; Job satisfaction; Competencies; Income; Labor market mismatches
• ISSN: 0018-1560; 1573-174X
• DOI: 10.1007/s10734-006-9050-4

Labor market rewards based on competencies are analyzed using a sample of young European higher education (HE) graduates. Estimates of monetary rewards are obtained from conventional earnings regressions, while estimates total rewards are based on job satisfaction and derived through ordered probit regressions. Results for income show that jobs with higher participative and methodological competency requirements are better paid. The results also show that higher requirements in terms of competencies increase graduates' job satisfaction. (HRK / Abstract übernommen).