A new indicator of graduate jobs, created by Professor Francis Green and Dr Golo Henseke, has been published by the OECD.
A recurring issue for education policymakers is the labour market effect of the long-term global mass expansion of higher education, particularly on what constitutes a ‘graduate job’.
Professor Green and Dr Henseke have created a new indicator of graduate jobs, termed ISCO2008, which is derived using task-based data drawn from the The Survey of Adult Skills, a product of the OECD Programme for the International Assessment of Adult Competencies (PIAAC).
The traditional assumption is that graduate jobs are virtually coterminous with professional and managerial occupations. Yet the new classification shows that graduate skills are essential in more than a narrow set of traditional professional and management jobs. Overall, 27.6 per cent of jobs in the countries examined are graduate jobs. Considerable variation in the proportion of graduate jobs is found across industries and countries and in the short period from 2011 to 2013, the proportion of graduate jobs has become more diverse across countries.