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Marques, P., Suleman, F. & Costa, J. M. (2022). Moving beyond supply‐side arguments to explain over‐qualification: The ability to absorb graduates in different models of capitalism. European Journal of Education. 57 (2), 342-360
P. M. Marques et al., "Moving beyond supply‐side arguments to explain over‐qualification: The ability to absorb graduates in different models of capitalism", in European Journal of Education, vol. 57, no. 2, pp. 342-360, 2022
@article{marques2022_1730791229071, author = "Marques, P. and Suleman, F. and Costa, J. M.", title = "Moving beyond supply‐side arguments to explain over‐qualification: The ability to absorb graduates in different models of capitalism", journal = "European Journal of Education", year = "2022", volume = "57", number = "2", doi = "10.1111/ejed.12500", pages = "342-360", url = "https://onlinelibrary.wiley.com/journal/14653435" }
TY - JOUR TI - Moving beyond supply‐side arguments to explain over‐qualification: The ability to absorb graduates in different models of capitalism T2 - European Journal of Education VL - 57 IS - 2 AU - Marques, P. AU - Suleman, F. AU - Costa, J. M. PY - 2022 SP - 342-360 SN - 0141-8211 DO - 10.1111/ejed.12500 UR - https://onlinelibrary.wiley.com/journal/14653435 AB - This study examines how the rise in the share of higher education graduates leads to over-qualification, by focusing on the demand-side drivers. We propose that the benefits of investments in higher education depend on the levels of innovation and economic growth in each national economy. We use a configurational method (Fuzzy Set Qualitative Comparative Analysis) to identify combinations of factors that lead to a high incidence of over-qualification in 17 European countries. The results show that over-qualification is greater in countries in which an increase in the number of graduates is accompanied by a failure to transition to a knowledge-based economy and poor economic growth. Furthermore, a low weight of high-tech manufacturing sectors in the GDP is a necessary condition for over-qualification to occur. These arguments explain the more pronounced mismatch in Southern Europe and Austria compared to other European countries. As for policy implications, this study shows that investment in education did not lead to expected benefits in some countries because this investment did not boost competitiveness in high-tech sectors. Thus, alternative policies must be implemented. Besides investment in education, some kind of industrial policy seems necessary in a number of European countries. ER -