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The essence of overeducation in China

This paper provides an Analysis of the over-education of graduates in China. It first reviews some theoretical explanation about over-education, then proceeds to argue how over-education can form in the context of the industrial upgrading and labor market segmentation by using Beveridge Curve. The coexistence of a large number of job vacancies and unemployment is the result of both education deepening and job searching with mismatch. To establish the over-education more directly, a logical framework diagram has been constructed. The paper concludes with a brief discussion of policy measures for both individuals and the government.