Abstract
Overqualification of Graduates: Assessing the Role of Family Background
Highlights
A large number of theoretical and empirical studies show that human capital is an important determinant of economic growth
The unconditional overqualification gap between graduates from low parental education (PE) families and graduates from high PE families amounts to 7.4 percentage points
This study finds that family background, as measured by parental education (PE), is a crucial determinant of overqualification at the start of graduates’ careers
Summary
A large number of theoretical and empirical studies show that human capital is an important determinant of economic growth. Human capital captures the aggregate amount of skills and knowledge inherent in an economy’s workforce. It is one of the main pillars of the European strategy for economic growth to promote human capital formation (EU2020). High-skilled workers holding jobs with low skill requirements underutilise their human capital and do not reach their individual production capacity (Sattinger 1993). In the literature, such vertical mismatches are commonly identified in terms of overqualification arising if individuals’ current qualification exceeds the educational requirement of their job
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