the quality of life. Also, educational mismatch leads 
to a waste of human capital.  
Distinguish  between  vertical  and  horizontal 
educational  discrepancy.  Vertical  discrepancy  is 
understood  as  the  work  of  people  with  higher 
education  in  low-skilled  jobs.  Horizontal  is  the 
discrepancy  between  work  and  education  or 
education and profession.  
Of particular interest for the study of educational 
mismatch is Russia, where a high educational level of 
the majority of the population was combined with a 
sharp  economic  failure  after  the  collapse  of  the 
communist  system.  According  to  a  study  by  V. 
Rudakov, H. Figueiredo, P. Teixeira and S. Roshchin, 
in  Russia  32%  according  to  the  self-assessment 
criterion and 40% according to the statistical method 
of  graduates  do  not  work  in  their  specialty.  At  the 
same time,  the greatest discrepancy is in areas  with 
general human capital (social sciences, business, law, 
services)  or  low  wages  (agriculture).  At  the  same 
time, in certain areas with specific human capital (for 
example, medicine), educational mismatch is weaker. 
In  other  words,  in  areas  where  skills  are  easily 
transferable  to  other  types  of  jobs,  educational 
mismatch  is  more  of  areas  with  specific  skills.  In 
other  words,  the  educational  mismatch  in  Russia  is 
more related to labor mobility than to the imbalance 
between  the  educational  and  required  labor  skills 
(Rudakov et al., 2019).  
In Russia, there is a gap between the needs of the 
market  and  the  training  of  graduates  by  profession 
and the number of people. As a result, there are socio-
economic  costs  in  the  form  of  increased 
unemployment and unskilled labor in the workplace 
(Fedolyak, 2018). 
According  to  research  by  consulting  firm 
McKinsey, the US labor market is not experiencing a 
labor shortage, but a skill deficit. According to 45% 
of employers in the world, it is the lack of necessary 
skills  that  makes  it  difficult  to  fill  entry-level 
vacancies. At the same time, 72% of heads of higher 
education  and  only  42%  of  employers  believe  that 
graduates are prepared for work (Bersin, 2013).  
According  to  K.  Marsikova  and  V.  Urbanek, 
education increases the demand for labor in the labor 
market and  allows  you to find more interesting and 
highly  paid  jobs.  However,  according  to  their 
research,  in  developed  countries  there  is  an 
educational gap between the needs of employers and 
the  individual  desires  of  graduates,  and  most  often 
there  is  an  excess  of  education for  jobs  (15.5%  for 
incomplete  education  and  28.6%  for  excess 
education) (Marsikova, Urbanek, 2015).  
According  to  E.  Varshavskaya,  having  a 
professional  education  increases  the  chances  of 
finding a job (Varshavskaya, 2016). 
However,  A.  Manuilova  received  the  opposite 
data, that it  is more  difficult for  people  with higher 
education  to  find  a  job  in  comparison  with  people 
with secondary and specialized secondary education 
(Manuilova, 2017). 
In  turn,  E.  Ghignoni  and  A.  Verashchagina 
believe  that  the  most  important  role  in  overcoming 
educational  imbalance  lies  on  the  side  of 
technological progress, which favors highly educated 
workers  and  reduces  the  need  for  retraining. 
However, in countries with a low level of 
technological  development,  the  factor  of  supply  of 
labor with an excess of education for the labor market 
becomes  more  important  (Ghignoni  and 
Verashchagina, 2014). 
K.  Tijdens,  M.  Beblavý  and  A.  Thum-Thysen 
come  to  the  conclusion  that  a  quarter  of  the 
professions are in excess demand, and a third of the 
professions  have  an  excess  supply  of  labor.  At  the 
same time, the level of education of personnel is on 
average  higher  than  the  skills  required  for  the 
workplace  (Tijdens,  Beblavý  and  Thum-Thysen, 
2018). 
R.  Muñoz  de  Bustillo  Llorente,  S.  Sarkar,  R. 
Sebastian  and  A.  Jose-Ignacio  agree  that  over-
education is more common in the modern world, but 
according  to  their  research,  the  level  of  over-
education is gradually decreasing (Rafael Muñoz de 
Bustillo, Sudipa, Raquel, Jose-Ignacio, 2018).  
Based on  the analysis  of the  literature,  it can be 
concluded  that  there  are  disagreements  among  the 
authors on the impact of education on employment. 
In  terms  of  the  educational  gap,  a  more  interesting 
picture is emerging: experts more or less unanimously 
speak of an excessive education of the workforce and 
insufficient  rates  of  scientific  and  technological 
progress, while employers say the main problems are 
the lack of necessary skills and the lack of readiness 
of graduates for practical work.  
2  RESEARCH METHODOLOGY 
The  research  methodology  consists  in  a  statistical 
comparison  of  the  unemployment  rate  for  large 
groups  of  countries  depending  on  the  level  of 
education:  basic  and  advanced  according  to  the 
method of the World Bank and the first, second and 
third degrees of education according to the method of 
the OECD.  
ISSDRI 2021 - International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure