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Labor Mismatches: Effects on Wages and on Job Satisfaction in 17 OECD Countries

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  • Lucía Mateos-Romero

    (Universidad de Extremadura)

  • María del Mar Salinas-Jiménez

    (Universidad de Extremadura)

Abstract

This study analyzes the effects of labor mismatches on wages and on job satisfaction in seventeen OECD countries by distinguishing between educational mismatch and skills mismatch. Using data from PIAAC, the results suggest that whereas educational mismatch shows greater effects on wages, the effects of labor mismatch on job satisfaction are generally better explained by skills mismatches. Both phenomena appear to be relevant for understanding the economic effects of labor mismatch and suggest that educational mismatch is not an accurate proxy for skills mismatch, mainly when the non-monetary effects of labor mismatch are addressed.

Suggested Citation

  • Lucía Mateos-Romero & María del Mar Salinas-Jiménez, 2018. "Labor Mismatches: Effects on Wages and on Job Satisfaction in 17 OECD Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 140(1), pages 369-391, November.
    • Handle: RePEc:spr:soinre:v:140:y:2018:i:1:d:10.1007_s11205-017-1830-y
    DOI: 10.1007/s11205-017-1830-y
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    3. Mariana Santis & Marcelo Florensa & María Cecilia Gáname & Pedro Esteban Moncarz, 2021. "Job Satisfaction of Recent University Graduates in Economics Sciences: The Role of the Match Between Formal Education and Job Requirements," Journal of Happiness Studies, Springer, vol. 22(7), pages 3157-3197, October.
    4. Castro, Juan Francisco & Ortega, Lorena & Yamada, Gustavo & Mata, David, 2022. "The Magnitude and Predictors of Overeducation and Overskilling in Latin America: Evidence from PIAAC," IZA Discussion Papers 15143, Institute of Labor Economics (IZA).
    5. Carmen Voces & Miguel Caínzos, 2022. "The Political Significance of Overeducation: Status Inconsistency, Attitudes towards the Political System and Political Participation in a High-Overeducation Context," Social Sciences, MDPI, vol. 11(8), pages 1-18, August.
    6. Carmen Voces & Miguel Caínzos, 2021. "Overeducation as Status Inconsistency: Effects on Job Satisfaction, Subjective Well-Being and the Image of Social Stratification," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(3), pages 979-1010, February.
    7. Eyal Bar-Haim & Louis Chauvel & Anne Hartung, 2018. "More Necessary and Less Sufficient: An Age-Period-Cohort Approach to Overeducation in Comparative Perspective," LIS Working papers 734, LIS Cross-National Data Center in Luxembourg.
    8. Raquel Justo & Emilio Congregado & Concepción Román, 2021. "Becoming self-employed from inactivity: an in-depth analysis of satisfaction," Small Business Economics, Springer, vol. 56(1), pages 145-187, January.

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    More about this item

    Keywords

    Educational mismatch; Skills mismatch; Wages determination; Job satisfaction;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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