@TechReport{iza:izadps:dp8413,
            	author={O'Leary, Nigel C. and Sloane, Peter J.},
            	title={Too Many Graduates? An Application of the Gottschalk-Hansen Model to Young British Graduates between 2001-2010},
            	year={2014},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={8413},
            	url={https://www.iza.org/index.php/publications/dp8413},
	abstract={There is an apparent inconsistency in the existing literature on graduate employment in the UK. While analyses of rates of return to graduates or graduate mark-ups show high returns, suggesting that demand has kept up with a rapidly rising supply of graduates, the literature on over-education suggests that many graduates are unable to find employment in graduate jobs and the proportion over-educated has risen over time. Using a simple supply and demand model applied to UK data that defines graduate jobs in terms of the proportion of graduates and/or the graduate earnings mark-up within occupations, we find that there has been a shift in the likelihood of young British university graduates being employed in non-graduate jobs in the recent years of our analysis. This finding is in contrast to existing studies.},
	keywords={education;wages;graduates;mismatch},
            }