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Higher Education

, Volume 55, Issue 2, pp 219–239 | Cite as

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

  • Adela García-AracilEmail author
  • Rolf Van der Velden
Original Paper

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.

Keywords

Assignment theory Competencies Income Job satisfaction Labor market mismatches 

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Copyright information

© Springer Science + Business Media B.V. 2007

Authors and Affiliations

  1. 1.Institute for Innovation and Knowledge Management, INGENIO (CSIC-UPV)Spanish Council for Scientific Research, Technical University of ValenciaCamino de VeraSpain
  2. 2.ROAUniversity of MaastrichtMaastrichtThe Netherlands

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