Finding yourself in a job that does not match your skills or education level can be detrimental in a number of ways. Using data from the Household Income and Labour Dynamics in Australia (HILDA) Survey, this study builds on previous work by looking at the impact of being over-skilled or over-educated or both on an individual’s wages as well as their level of job satisfaction. The study distinguishes between ‘genuine’ mismatch (wages and job satisfaction are both low) and ‘apparent’ mismatch—where a job may pay less but has been accepted because it has some other redeeming attribute, such as greater flexibility of work hours. The study finds that mismatch is often characterised by both lower wages and job satisfaction.
The ageing of the Australian population has become an issue of national concern. How ageing impacts on the supply of vocational skills is less well known, and different age groups vary in the extent and character of vocational skills they possess. This report analyses and quantifies the compositional effects of changing demographics on both the quantitative and qualitative dimensions of the supply of vocational skills. Focusing particularly on occupations that utilise vocational skills intensively, this report provides an analysis of projected VET employment and VET qualifications by occupation and by age groups over a 15-year period to 2020.