Vertical and Horizontal Education-Job Mismatches in the Korean Youth Labor Market : A Quantile Regression Approach
AbstractIn an analysis based on a cohort of Korean college graduates, there was a positive relationship between over-education and horizontal mismatches, and in a subsequent regression analysis disregarding horizontal education-job mismatches (over-education), the wage penalty for over-education (horizontal mismatches) was overestimated. Low-ability groups showed significant overestimation, ranging from 8.3% to 89.5%. According to the quantile regression results, the level of wage penalties for over-education and horizontal mismatches varied according to the worker¡¯s ability. The relative importance of these penalties varied according to the worker¡¯s ability and gender. Specifically, the wage penalty for horizontal mismatches exceeded that for over-education for low-ability male workers, whereas the wage penalty for over-education exceeded that for horizontal mismatches for female workers regardless of their ability.
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Bibliographic InfoPaper provided by Research Institute for Market Economy, Sogang University in its series Working Papers with number 1201.
Length: 38 pages
Date of creation: 2012
Date of revision:
Horizontal Mismatch; Over-Education; Wage Penalty; Quantile Regression; Ability Bias;
Find related papers by JEL classification:
- I20 - Health, Education, and Welfare - - Education - - - General
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-02 (All new papers)
- NEP-EDU-2012-05-02 (Education)
- NEP-LAB-2012-05-02 (Labour Economics)
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