Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/153649 
Year of Publication: 
2010
Series/Report no.: 
ECB Working Paper No. 1215
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
This paper studies the incidence and consequences of the mismatch between formal education and the educational requirements of jobs in Estonia during the years 1997-2003. We find large wage penalties associated with the phenomenon of educational mismatch. Moreover, the incidence and wage penalty of mismatches increase with age. This suggests that structural educational mismatches can occur after fast transition periods. Our results are robust for various methodologies, and more importantly regarding departures from the exogeneity assumptions inherent in the matching estimators used in our analysis.
Subjects: 
Education mismatch
Matching Estimators
wage determination
JEL: 
J0
Document Type: 
Working Paper

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