ERIC Number: EJ851202
Record Type: Journal
Publication Date: 2004-Dec
Abstractor: As Provided
Reference Count: N/A
The Rewards of Human Capital Competences for Young European Higher Education Graduates
Garcia-Aracil, Adela; Mora, Jose-Gines; Vila, Luis E.
Tertiary Education and Management, v10 n4 p287-305 Dec 2004
The labour market rewards for a number of required human capital competences are analysed using a sample of young European higher education graduates. Factor analysis is applied to classify competences by jobs into eight orthogonal groups, namely participative, methodological, specialised, organisational, applying rules, physical, generic and socio-emotional competences. Estimates for the total rewards for competences are obtained through conventional wage regression, whereas estimates of the total rewards are derived in terms of job satisfaction through ordered logit regression. Explanatory variables include personal characteristics, job attributes, occupational titles, fields of study, type of higher education institution and country dummies. Results on wage rewards show that jobs with higher requirements of "participative and methodological competences" are best paid; conversely, jobs with higher requirements of "organisational", "applying-rules" and "physical competences" are worse paid. Results on total rewards suggest that jobs with higher requirements of competences increase graduates' satisfaction, the only exception being "applying-rules competences".
Descriptors: Wages, Higher Education, Human Capital, Job Satisfaction, Labor Market, College Graduates, Factor Analysis, Rewards, Competence, Job Skills, Education Work Relationship, Correlation, Foreign Countries, Graduate Surveys
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A