Impact Of Education On The Uk

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The number of graduates living in the UK higher education society has risen over the last few decades. Additionally, the inequality in wage becomes apparent as well as narrowly defined within a qualified group. The proportion of graduates in labour force has increased severely over the last few decades. Various studies has shown that, a significant proportion of the labour force are over educated, than it is actually required for their current job status. Cameron and Heckman (1998) identified that, a significant proportion of people in UK are over educated.
This paper focuses on extensive literature, over the incident of over-education in the UK. Even though, the proportion of people in UK labour force with a college education is still less than in comparison to the other developing countries, the tendency of people towards higher education is rapidly increasing since 1970s. Some researcher has suggested that, higher education in the UK can be expanded further (Hartog and Oosterbeek, 1988). However, many of them were unable to secure graduate level job and earn their expected profit. Therefore, objectives of the particular paper are to analyse the current situation of the UK’s graduate labour market, impact of over-education on job satisfaction, implication of over-education on the government policy makers and finally to analyse the extent of education on short term phenomenon.
Analysis of UK graduate labour market and the incidence of over-education:
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