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Skill mismatch and overeducation in transition economies

Author

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  • Olga Kupets

    (National University of Kyiv–Mohyla Academy, Ukraine, World Bank, USA, and IZA, Germany)

Abstract
Large imbalances between the supply and demand for skills in transition economies are driven by rapid economic restructuring, misalignment of the education system with labor market needs, and underdeveloped adult education and training systems. The costs of mismatches can be large and long-lasting for workers, firms, and economies, with long periods of overeducation implying a loss of human capital for individuals and ineffective use of resources for the economy. To make informed decisions, policymakers need to understand how different types of workers and firms are affected by overeducation and skill shortages.

Suggested Citation

  • Olga Kupets, 2015. "Skill mismatch and overeducation in transition economies," IZA World of Labor, Institute of Labor Economics (IZA), pages 224-224, December.
    • Handle: RePEc:iza:izawol:journl:y:2015:n:224
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    References listed on IDEAS

    as
    1. Kiersztyn, Anna, 2013. "Stuck in a mismatch? The persistence of overeducation during twenty years of the post-communist transition in Poland," Economics of Education Review, Elsevier, vol. 32(C), pages 78-91.
    2. Lars Sondergaard & Mamta Murthi & Dina Abu-Ghaida & Christian Bodewig & Jan Rutkowski, 2012. "Skills, Not Just Diplomas : Managing Education for Results in Eastern Europe and Central Asia," World Bank Publications - Books, The World Bank Group, number 2368.
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    4. Lamo, Ana & Messina, Julián, 2010. "Formal education, mismatch and wages after transition: Assessing the impact of unobserved heterogeneity using matching estimators," Economics of Education Review, Elsevier, vol. 29(6), pages 1086-1099, December.
    5. Felix Büchel & Andries de Grip & Antje Mertens (ed.), 2003. "Overeducation in Europe," Books, Edward Elgar Publishing, number 3054.
    6. Anna Lovasz & Barbara Pertold-Gebicka, 2011. "College Degree Supply, Productivity Spillovers and Occupational Allocation of Graduates in Central European Countries," Budapest Working Papers on the Labour Market 1103, Institute of Economics, Centre for Economic and Regional Studies.
    7. António Morgado & Tiago Neves Sequeira & Marcelo Santos & Alexandra Ferreira-Lopes & Ana Balcão Reis, 2016. "Measuring Labour Mismatch in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(1), pages 161-179, October.
    8. Olga Kupets, 2015. "Education in transition and job mismatch: Evidence from the skills survey in non-EU transition economies," KIER Working Papers 915, Kyoto University, Institute of Economic Research.
    9. Müge Adalet McGowan & Dan Andrews, 2015. "Labour Market Mismatch and Labour Productivity: Evidence from PIAAC Data," OECD Economics Department Working Papers 1209, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Alexei Kolokolov, 2011. "Futures hedging: Multivariate GARCH with dynamic conditional correlations (in Russian)," Quantile, Quantile, issue 9, pages 61-75, July.
    2. SAM, Vichet, 2018. "Overeducation among graduates in developing countries: What impact on economic growth?," MPRA Paper 87674, University Library of Munich, Germany.
    3. Oksana Nezhyvenko, 2018. "Informal Employment in Ukraine and European Union Transition Countries," Erudite Ph.D Dissertations, Erudite, number ph18-03 edited by Philippe Adair.
    4. Mariya Neycheva & Ivan Neychev, 2020. "Overeducation and Economic Growth: Theoretical Background and Empirical Findings for the Region of Central and Eastern Europe," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 124-142.
    5. Mariia Vasiakina & Silvana Robone, 2018. "Education-job mismatch as a determinant of health: evidence from the Russian Federation," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 72(4), pages 101-111, October-D.
    6. Sandra M. Leitner, 2022. "A skill‐specific dynamic labour supply and labour demand framework: A scenario analysis for the Western Balkan countries to 2030," LABOUR, CEIS, vol. 36(4), pages 471-504, December.
    7. Berhe Mekonnen Beyene and & Tsegay Gebrekidan Tekleselassie, 2018. "The State, Determinants, and Consequences of Skills Mismatch in the Ethiopian Labour Market," Working Papers 021, Policy Studies Institute.
    8. Sun, Ting & Bian, Xuezi & Liu, Jianxu & Wang, Rui & Sriboonchitta, Songsak, 2023. "The economic and social effects of skill mismatch in China: A DSGE model with skill and firm heterogeneity," Economic Modelling, Elsevier, vol. 125(C).
    9. García Ramos, Yboon & Flores-Bazán, Fabian & Nicolas Hadjisavvas, 2017. "About the sum of quasiconvex functions," Working Papers 17-07, Centro de Investigación, Universidad del Pacífico.

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    More about this item

    Keywords

    overeducation; skills development; transition countries;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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