Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/51653
Authors: 
Leuven, Edwin
Oosterbeek, Hessel
Year of Publication: 
2011
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5523
Abstract: 
This paper surveys the economics literature on overeducation. The original motivation to study this topic were reports that the strong increase in the number of college graduates in the early 1970s in the US led to a decrease in the returns to college education. We argue that Duncan and Hoffman's augmented wage equation the workhorse model in the overeducation literature in which wages are regressed on years of overschooling, years of required schooling and years of underschooling is at best loosely related to this original motivation. We discuss measurement and estimation issues and give an overview of the main empirical findings in this literature. Finally we given an appraisal of the economic lessons learned.
Subjects: 
mismatch
overschooling
underschooling
wage equation
JEL: 
I2
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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