Henseke, Golo;
Felstead, Alan;
Gallie, Duncan;
Green, Francis;
(2024)
Degrees of demand: a task-based analysis of the British graduate labour market.
Oxford Economic Papers
, Article gpae020. 10.1093/oep/gpae020.
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Abstract
This study investigates the evolving demand for graduate skills in the British workforce, leveraging a task-based approach with data from the Skills and Employment Survey Series. Focused on the changing importance of job tasks related to graduate skills, the research explores the mapping of these tasks to educational attainment, discerns the price employers pay for tasks requiring graduate skills, and addresses regional variation in graduate supply and demand. Despite a slowing growth of graduate skills requirements post-2006, we find a stable assignment of graduate education with job tasks and an overall flat task price related to graduate skills requirements. We present regional evidence showing education expansion rather than exogenous factors drove high-skills demand, balancing the development of supply and demand in the British graduate labour market over 1997–2017.
| Type: | Article |
|---|---|
| Title: | Degrees of demand: a task-based analysis of the British graduate labour market |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1093/oep/gpae020 |
| Publisher version: | http://dx.doi.org/10.1093/oep/gpae020 |
| Language: | English |
| Additional information: | © Oxford University Press 2024. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited. |
| Keywords: | graduate skills; task-based approach; education expansion; task price; regional variation, JEL classifications: J24, J23, J31 |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > School of Education UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Education, Practice and Society |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10192263 |
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