Qualification mismatch is pervasive in modern job
markets and affects one-third to one-half of the employed
population.18 About 21% of workers in OECD countries
report that they have higher qualifications than those
required for their jobs, and 13% are underqualified (Figure
3). Several developing countries also have high rates of
overqualified youth (e.g. 30% in Peru, 21% in Armenia).
However, given low educational-attainment rates among
working youth, less-developed economies tend to have a
significant share of underqualified workers, reaching levels
as high as 82% in Malawi, 56% in Cambodia and 55% in
Togo.1