the quality of life. Also, educational mismatch leads
to a waste of human capital.
Distinguish between vertical and horizontal
educational discrepancy. Vertical discrepancy is
understood as the work of people with higher
education in low-skilled jobs. Horizontal is the
discrepancy between work and education or
education and profession.
Of particular interest for the study of educational
mismatch is Russia, where a high educational level of
the majority of the population was combined with a
sharp economic failure after the collapse of the
communist system. According to a study by V.
Rudakov, H. Figueiredo, P. Teixeira and S. Roshchin,
in Russia 32% according to the self-assessment
criterion and 40% according to the statistical method
of graduates do not work in their specialty. At the
same time, the greatest discrepancy is in areas with
general human capital (social sciences, business, law,
services) or low wages (agriculture). At the same
time, in certain areas with specific human capital (for
example, medicine), educational mismatch is weaker.
In other words, in areas where skills are easily
transferable to other types of jobs, educational
mismatch is more of areas with specific skills. In
other words, the educational mismatch in Russia is
more related to labor mobility than to the imbalance
between the educational and required labor skills
(Rudakov et al., 2019).
In Russia, there is a gap between the needs of the
market and the training of graduates by profession
and the number of people. As a result, there are socio-
economic costs in the form of increased
unemployment and unskilled labor in the workplace
(Fedolyak, 2018).
According to research by consulting firm
McKinsey, the US labor market is not experiencing a
labor shortage, but a skill deficit. According to 45%
of employers in the world, it is the lack of necessary
skills that makes it difficult to fill entry-level
vacancies. At the same time, 72% of heads of higher
education and only 42% of employers believe that
graduates are prepared for work (Bersin, 2013).
According to K. Marsikova and V. Urbanek,
education increases the demand for labor in the labor
market and allows you to find more interesting and
highly paid jobs. However, according to their
research, in developed countries there is an
educational gap between the needs of employers and
the individual desires of graduates, and most often
there is an excess of education for jobs (15.5% for
incomplete education and 28.6% for excess
education) (Marsikova, Urbanek, 2015).
According to E. Varshavskaya, having a
professional education increases the chances of
finding a job (Varshavskaya, 2016).
However, A. Manuilova received the opposite
data, that it is more difficult for people with higher
education to find a job in comparison with people
with secondary and specialized secondary education
(Manuilova, 2017).
In turn, E. Ghignoni and A. Verashchagina
believe that the most important role in overcoming
educational imbalance lies on the side of
technological progress, which favors highly educated
workers and reduces the need for retraining.
However, in countries with a low level of
technological development, the factor of supply of
labor with an excess of education for the labor market
becomes more important (Ghignoni and
Verashchagina, 2014).
K. Tijdens, M. Beblavý and A. Thum-Thysen
come to the conclusion that a quarter of the
professions are in excess demand, and a third of the
professions have an excess supply of labor. At the
same time, the level of education of personnel is on
average higher than the skills required for the
workplace (Tijdens, Beblavý and Thum-Thysen,
2018).
R. Muñoz de Bustillo Llorente, S. Sarkar, R.
Sebastian and A. Jose-Ignacio agree that over-
education is more common in the modern world, but
according to their research, the level of over-
education is gradually decreasing (Rafael Muñoz de
Bustillo, Sudipa, Raquel, Jose-Ignacio, 2018).
Based on the analysis of the literature, it can be
concluded that there are disagreements among the
authors on the impact of education on employment.
In terms of the educational gap, a more interesting
picture is emerging: experts more or less unanimously
speak of an excessive education of the workforce and
insufficient rates of scientific and technological
progress, while employers say the main problems are
the lack of necessary skills and the lack of readiness
of graduates for practical work.
2 RESEARCH METHODOLOGY
The research methodology consists in a statistical
comparison of the unemployment rate for large
groups of countries depending on the level of
education: basic and advanced according to the
method of the World Bank and the first, second and
third degrees of education according to the method of
the OECD.
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