Overeducation, skills and wage penalty: Evidence for Spain using PIAAC data
| Autor: | Sandra Nieto, Raul Ramos |
|---|---|
| Přispěvatelé: | Universitat de Barcelona, Universitat Oberta de Catalunya (UOC) |
| Předmět: |
Labour economics
Sociology and Political Science media_common.quotation_subject education Wage Adult population Skill level wages Academic achievement Educational equalization Competencias profesionales Human capital Labor market Adolescent psychology Arts and Humanities (miscellaneous) Recursos humans Mercat de treball 0502 economics and business Developmental and Educational Psychology Economics 050207 economics Data limitations health care economics and organizations media_common Quality of Life Research overeducation habilitats heterogènies del individu Psicologia de l'adolescència individual's skill heterogeneity sobreeducació 05 social sciences salario 050301 education General Social Sciences Vocational qualifications Competències professionals habilidades heterogéneas del individuo salaris Rendiment acadèmic Microdata (HTML) sobreeducación 0503 education Igualtat d'oportunitats educatives |
| Zdroj: | Recercat. Dipósit de la Recerca de Catalunya instname Dipòsit Digital de la UB Universidad de Barcelona O2, repositorio institucional de la UOC Universitat Oberta de Catalunya (UOC) |
| Popis: | The literature on educational mismatches finds that overeducated workers suffer a wage penalty compared with properly educated workers with the same level of education. Recent literature also suggests that individuals' skill heterogeneity could explain wage differences between overeducated and properly matched workers. The hypothesis is that overeducated workers earn less due to their lower competences and skills in relative terms. However, that hypothesis has been rarely tested due to data limitations on individuals' skills. The aim of this paper is to test the individuals' skill heterogeneity theory in Spain using microdata from PIAAC, because it is one of the developed countries supporting the highest overeducation rates and where its adult population holds the lowest level of skills among a set of developed countries. Our hypothesis is that the wage penalty of overeducation in Spain is explained by the lower skill level of overeducated workers. The obtained evidence confirms this hypothesis but only to a certain extent as skills only explain partially the wage penalty of overeducation. |
| Databáze: | OpenAIRE |
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