The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba

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Under the human capital theory, wages are determined by the worker productivity, which in its crudest form implies the return to education is not contingent on how the workers' skills are utilized in the labor market (Sloane, 2002). However, and after controlling for other differences, the empi...

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Autores principales: De Santis, Mariana, Gáname, María Cecilia, Moncarz, Pedro Esteban
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2018
Materias:
Ciencias Económicas
overeducation
wages
economic sciences graduates
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/165404
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-165404
record_format dspace
spelling I19-R120-10915-1654042024-04-29T20:02:19Z http://sedici.unlp.edu.ar/handle/10915/165404 The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba De Santis, Mariana Gáname, María Cecilia Moncarz, Pedro Esteban 2018-11 2018 2024-04-29T13:08:57Z en Ciencias Económicas overeducation wages economic sciences graduates Under the human capital theory, wages are determined by the worker productivity, which in its crudest form implies the return to education is not contingent on how the workers' skills are utilized in the labor market (Sloane, 2002). However, and after controlling for other differences, the empirical evidence has shown that workers with the same education can be paid differently. The literature has found young people are more likely to experience a mismatch between their formal education and the one required by the job. While there is not a consensus about the reasons for the mismatch, there is one about the consequences in terms of wages, overeducation means a penalty in terms of income. Our evidence shows that overeducated graduates of the FCE-UNC suffer a wage penalty when compared to those working in a job requiring a university degree. The results are robust to different specifications and to the use of alternative estimators. While the difference is not statistically significant, the penalty for those severely overeducated is larger than for those with a mild level of overeducation. To have working experience while studing at the university helps to reduce the cost of overeducation. The overall impact found for the whole sample appears to be driven by the impact of overeducation on female graduates. While for the case of overeducation we find statistically significant effects, the same is not the case for the level of horizontal match, either in terms of skills and knowledge. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
overeducation
wages
economic sciences graduates
spellingShingle Ciencias Económicas
overeducation
wages
economic sciences graduates
De Santis, Mariana
Gáname, María Cecilia
Moncarz, Pedro Esteban
The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
topic_facet Ciencias Económicas
overeducation
wages
economic sciences graduates
description Under the human capital theory, wages are determined by the worker productivity, which in its crudest form implies the return to education is not contingent on how the workers' skills are utilized in the labor market (Sloane, 2002). However, and after controlling for other differences, the empirical evidence has shown that workers with the same education can be paid differently. The literature has found young people are more likely to experience a mismatch between their formal education and the one required by the job. While there is not a consensus about the reasons for the mismatch, there is one about the consequences in terms of wages, overeducation means a penalty in terms of income. Our evidence shows that overeducated graduates of the FCE-UNC suffer a wage penalty when compared to those working in a job requiring a university degree. The results are robust to different specifications and to the use of alternative estimators. While the difference is not statistically significant, the penalty for those severely overeducated is larger than for those with a mild level of overeducation. To have working experience while studing at the university helps to reduce the cost of overeducation. The overall impact found for the whole sample appears to be driven by the impact of overeducation on female graduates. While for the case of overeducation we find statistically significant effects, the same is not the case for the level of horizontal match, either in terms of skills and knowledge.
format Objeto de conferencia
Objeto de conferencia
author De Santis, Mariana
Gáname, María Cecilia
Moncarz, Pedro Esteban
author_facet De Santis, Mariana
Gáname, María Cecilia
Moncarz, Pedro Esteban
author_sort De Santis, Mariana
title The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_short The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_full The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_fullStr The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_full_unstemmed The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_sort impact of overeducation on wages of recent economic sciences graduates : an application to the case of the universidad nacional de córdoba
publishDate 2018
url http://sedici.unlp.edu.ar/handle/10915/165404
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