But the economic returns from studying remain large
TEENAGERS THINK they know everything . Graduates in Britain actually do know much more than they need to in order to do their jobs, and so earn less than they could.by the Office for National Statistics, a British government agency. It looked at population surveys from 2006 to 2017 and compared academic attainment of workers against the average educational level for their occupation.
But the consequences are bad for both employers and employees. Being overeducated for a job means that people do not use the skills they learnt at university, hurting productivity and wages. Overeducated workers earn between 3% and 8% less compared with the wage of a worker with a similar level of education who is matched to the right job.
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