We report increasing dispersion in the returns to graduate education in Britain, and relate this development to rising overqualification. We distinguish 'Real' and 'Formal' overqualification, according to whether it is accompanied by underutilization of skill. Employees in the former group...

In this paper, the authors argue that a dynamic monopsony model, based on labor market frictions, predicts a positive relationship between wages and employer size, but also that the effect will be larger in the nonunion sector than in the union sector and larger for women than for men. They...

This paper describes a method for measuring job skills using survey data on detailed work activities, and using these measures examines whether the utilisation of skills is growing, and how they are valued in the labour market. We show that between 1997 and 2001 there was a growth in Britain in...