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Título:
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Signalling and Productivity Effects of Overeducation: Is It Really a Waste of Resources?
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Autor/a:
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Kedir, Abbi; Kyrizi, Andri; Martínez Mora, Francisco,
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Otros autores:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
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Abstract:
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Overeducation raises concerns that governments may be overinvesting in
education. To inform the debate, this paper studies the impact of
overeducation on productivity. We advance the literature by considering that
returns to overeducation may be due both to productivity and signalling
effects. To disentangle both effects, we apply Wolpin’s (1977) methodology
and compare the rates of return of screened (employed) and unscreened (selfemployed)
workers. To overcome well-known endogeneity problems due to
unobserved heterogeneity, we estimate a panel with individual and
employment-status fixed effects. Our results show that signalling effects are
relevant and that overeducation does not carry a productivity penalty.
Keywords: Overeducation, signalling model, human capital model, unobserved
heterogeneity.
JEL classification: I20, J24, J31. |
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Fecha de creación:
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2012 |
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Materias (CDU):
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37 - Educació. Ensenyament. Formació. Temps lliure |
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Materia(s):
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Educació -- Aspectes econòmics
Mercat de treball
Salaris, Efectes de l'educació sobre els |
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Derechos:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
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Páginas:
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33 p. |
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Tipo de documento:
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Documento de trabajo |
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Editor:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2012-29
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Compartir:
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