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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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    Cited by:

    1. Judit Albiol-Sánchez & Luis Diaz-Serrano & Mercedes Teruel, 2021. "The Transition to Self-Employment and Perceived Skill-Mismatches: Panel Data Evidence from Eleven EU Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(3), pages 957-977, February.
    2. Albiol Sanchez, Judit & Diaz-Serrano, Luis & Teruel, Mercedes, 2020. "The Transition to Self-Employment and Perceived Skill-Mismatches: Panel Data Evidence from Eleven EU Countries," IZA Discussion Papers 13764, Institute of Labor Economics (IZA).
    3. 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.
    4. 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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