Page 31 - IDEA Study 10 2015 Skills Mismatches

mismatched occupations). Graduates of information technology, law, architecture and construction, and economics are also relatively well matched (between 27 and 50% of mismatched individuals). The highest share of horizontal mismatches is then among individuals who studied tourism, chemistry, math and statistics, and philosophy (more than 80% of mismatches). Further, let us have a look at how the horizontal mismatch differs between the whole working-age population (Table 5) and young graduates (Table 6). For secondary educated graduates, the share of horizontal mismatch is 62.4%, so it is somewhat higher than for the whole working-age population of secondary educated (60.5%). Young graduates have better match than the older cohorts only if they study engineering and metallurgy (mismatch of 47% as opposed to 58% in the whole population) and secretarial and office work (56% as opposed 74% in the whole population). For other fields of study, the situation of young graduates is rather worse in terms of horizontal mismatch – mainly so for graduates of architecture and construction (mismatch of 58% compared to 48% in the population), banking (mismatch of 63% compared to 44% in the population), and economics (mismatch of 73% compared to 60% of mismatches in the working-age population). For tertiary educated graduates, the overall mismatch is 46.2%, which is slightly less than among the whole population with tertiary education (47.1%). The match is much better for young graduates compared to the whole working-age population mainly if they study architecture and construction (mismatch of 29% compared to 45% in the whole population), security services and military (40% mismatch among graduates, compared to 51% in the population), and engineering and metallurgy (47% mismatch compared to 59% in the population). However, young graduates of tertiary education in the fields of library studies, pedagogy and banking have much lower chance of getting a job in their field of study than older workers who have studied in the same fields. The comparison of Tables 5 and 6 thus suggests that the horizontal mismatch of the young graduates is not much higher than among the whole population. However, it is really difficult to draw any conclusions based on this comparison of young graduates who have very little labor market experience and older cohorts of workers, who have been on the labor market often for many decades. Relatively good match of young cohorts might be caused by a well-functioning educational system nowadays, but might be also related to changes in probability of mismatch over the lifecycle of workers or caused by other factors. 27