Overeducation and wages revisited: A two‐cohort comparison and random coefficients approach.
We examine the effect of overeducation on wages by comparing two cohorts from the 1979 and 1997 U.S. National Longitudinal Survey of Youth panels. Using an econometric technique uncommon to the literature, we allow for overeducation to have a disparate impact on wages across individuals by employing...
| Publicado en: | Southern Economic Journal Vol. 87; no. 3; pp. 909 - 937 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jan2021
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=148230348&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 148230348 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Jan2021 vid: 87 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 148230348 10.1002/soej.12476 ppf: 909 ppct: 28 formats: fmt: – @attributes: type: T – @attributes: type: P size: 2.7MB tig: atl: Overeducation and wages revisited: A two‐cohort comparison and random coefficients approach. aug: au: Artz, Benjamin Welsch, David M. affil: Department of Economics, University of Wisconsin, Oshkosh Wisconsin, USA Department of Economics, University of Wisconsin, Whitewater Wisconsin, USA su: Wages Educational change Authorship sug: subj: Wages Educational change Authorship keyword: education mismatch overeducation random coefficients random slopes education mismatch overeducation random coefficients random slopes ab: We examine the effect of overeducation on wages by comparing two cohorts from the 1979 and 1997 U.S. National Longitudinal Survey of Youth panels. Using an econometric technique uncommon to the literature, we allow for overeducation to have a disparate impact on wages across individuals by employing random slopes models. Overeducation has a positive marginal effect on wages. Yet, cohort comparisons reveal that the returns to overeducation declined dramatically over time. In the past, surplus schooling in full‐time jobs returned nearly as much as the correct level of education. Presently it returns approximately 50% less than in the past. The effect of undereducation and required education on wages changed as well, but by far less. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|