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

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Abstract

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.

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Authors and Affiliations

  1. Institute for Innovation and Knowledge Management, INGENIO (CSIC-UPV), Spanish Council for Scientific Research, Technical University of Valencia, Camino de Vera, 46022, Spain

    Adela García-Aracil

  2. ROA, University of Maastricht, Maastricht, 6200 MD, The Netherlands

    Rolf Van der Velden

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  1. Adela García-Aracil
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  2. Rolf Van der Velden
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Correspondence to Adela García-Aracil.

Appendix

Appendix

Table A1 Rotated factor matrix for required competencies
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Table A2 Descriptive statistics
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García-Aracil, A., Van der Velden, R. Competencies for young European higher education graduates: labor market mismatches and their payoffs. High Educ 55, 219–239 (2008). https://doi.org/10.1007/s10734-006-9050-4

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