The Impact of Surplus Schooling on Earnings: Some Additional Findings II
AbstractThis paper proposes a new statistical measure of the overeducation phenomenon. From Stochastic Production Frontiers (SPF), we use e¢ ciency score between schooling and earning to assess worker mismatches. Based on the French case, our measure reveals an overestimation of the overeducation extent, in comparison to the traditional measures.Following our econometric model, SPF approaches provide better estimation results on probit and earning function. Moreover, our approach shows that traditional measures overestimate also the wage penalties of overeducation. Thus, we point out that previous studies overestimate the dimishing returns of education and they have, conversely, understated the role of human capital.
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Bibliographic InfoPaper provided by Association Française de Cliométrie (AFC) in its series Working Papers with number 08-04.
Length: 28 pages
Date of creation: 2008
Date of revision:
Overeducation; Stochastic Production Frontiers; Measurements;
Find related papers by JEL classification:
- I2 - Health, Education, and Welfare - - Education
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
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