Moving beyond Supply-Side Arguments to Explain Over-Qualification: The Ability to Absorb Graduates in Different Models of Capitalism

Autor/inn/en	Marques, Paulo; Suleman, Fátima; Costa, João Maria
Titel	Moving beyond Supply-Side Arguments to Explain Over-Qualification: The Ability to Absorb Graduates in Different Models of Capitalism
Quelle	In: European Journal of Education, 57 (2022) 2, S.342-360 (19 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Marques, Paulo)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0141-8211
DOI	10.1111/ejed.12500
Schlagwörter	Social Systems; Employment Qualifications; Cross Cultural Studies; Knowledge Economy; College Graduates; Economic Development; Manufacturing; Educational Policy; Outcomes of Education; Competition; Technology; Industry; Public Policy; Labor Force Development; Foreign Countries; Europe + Suchen Sie Ihr Suchwort? Social system; Soziales System; Employment qualification; Vocational qualification; Vocational qualifications; Berufliche Qualifikation; Cultural comparison; Kulturvergleich; Knowledge society; Economy; Wissensgesellschaft; Wirtschaft; Hochschulabsolvent; Hochschulabsolventin; Wirtschaftsentwicklung; Herstellung; Politics of education; Bildungspolitik; Lernleistung; Schulerfolg; Wettkampf; Technologie; Industrie; Öffentliche Ordnung; Arbeitskräftebestand; Ausland; Europa
Abstract	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. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01