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  • This paper analyses the incidence of overeducation of university graduates. To this end, we estimate a random effects model for a panel of European countries. Our results do not confirm that the increase of the supply of qualified labour per se can be seen as a relevant factor fuelling overeducation. The relative wage of university graduates is inversely related to overeducation. This finding suggests a role for the demand for qualified labour. Cyclical conditions also matter, as overeducation operates as a short-term adjustment mechanism. This result sheds new light on the possible effects of the recession currently hitting the industrialized countries and on policy measures needed to foster economic recovery. (xsd:string)
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  • 2012 (xsd:gyear)
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  • 2012 (xsd:gyear)
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  • 10.1057/ces.2012.12 ()
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  • 413 (xsd:string)
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  • 1478-3320 ()
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  • 2 (xsd:string)
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  • Demand and Supply of Skilled Labour and Overeducation in Europe: A Country-level Analysis (xsd:string)
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  • In Comparative Economic Studies, 54(2), 413-439, 2012 (xsd:string)
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  • 54 (xsd:string)