Employability skills and jobs for graduates: Learning from job advertisements

Abstract

We use 2812 online job advertisements from 21 European countries to identify attributes demanded by employers and explore economic and labour market characteristics associated with the set of required skills. Whereas some employers clearly target ready-to-work candidates for high skilled occupations, others do not even specify skill requirements. The latter are from countries that are moderate or modest innovators with varying levels of high-tech employment activities, a high level of youth unemployment and a low job vacancy rate. The findings suggest employers have raised hiring criteria and have therefore contributed to credential inflation.