IZA World of Labor - Peter J. Sloane

Peter J. Sloane

Swansea University, UK, Flinders University, Australia, and IZA, Germany

Skill mismatch has become an issue of pressing policy concern in Europe and elsewhere. The purpose of this paper is to assist policymakers in their attempts to find solutions to this problem

IZA World of Labor role

Author

Current position

Emeritus Professor, School of Business and Economics, Swansea University, UK

Research interest

Labor economics, economics of education, economics of sport

Website

http://bit.ly/Sloane_IZApage

Positions/functions as a policy advisor

OECD, UK Low Pay Commission, Fair Pay Australia, Australian Productivity Commission, NCVER

Past positions

Director, Welsh Economy Labour Market Research and Evaluation Centre (WELMERC), Swansea University, UK; Jaffrey Professor of Political Economy, Vice Principal and Dean of the Faculty of Social Sciences and Law, University of Aberdeen, UK

Qualifications

PhD, University of Strathclyde, 1968

Selected publications

“The economics of professional football.” Scottish Journal of Political Economy 18:2 (1971): 121–146.
“The measurement of sex and marital status discrimination at the workplace.” Economica 48:190 (1981): 125–141 (with W. S. Siebert).
“Over-education under-education and the British labour market.” Applied Economics 31:11 (1999): 1437–1454 (with H. Battu and P. Seaman).
“Disability in the labour market; An analysis of British males.” Journal of Health Economics 19:6 (2000): 961–981 (with M. P. Kidd and I. Ferko).
“Human capital spillovers in the workplace.” Oxford Bulletin of Economics and Statistics 65:5 (2003): 575–594 (with H. Battu and C. R. Belfield).

- Education and human capital
Overeducation, skill mismatches, and labor market outcomes for college graduates

Overskilling or overskilling plus overeducation are more likely than overeducation alone to harm employee welfare

Peter J. Sloane, November 2014

There is evidence that many college graduates are employed in jobs for which a degree is not required, and in which the skills they learned in college are not being fully used. Most of the literature on educational or skill mismatch is based on cross-sectional data, providing information at just one point in time. Drawing meaningful conclusions about mismatch, its dynamics, and its relationship to wages, job satisfaction, and job mobility requires panel data, which can reach more nuanced conclusions by allowing for individual differences, e.g. choosing a job because it offers compensation.
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