How biased are the estimated wage impacts of overeducation? A propensity score matching approach
This article uses Propensity Score Matching (PSM) techniques to assess the extent to which the costs of overeducation are likely to have been over-estimated as a result of unobserved skill heterogeneity in studies adopting the standard ordinary least squares (OLS) wage equation framework. It was found that the PSM estimates were very much in line with those generated by OLS, suggesting that the overeducation phenomenon is likely to be imposing real and significant wage and productivity costs on individuals and the economy more generally and therefore cannot be dismissed as merely arising as a result of an omitted variables problem.
Volume (Year): 15 (2007)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:15:y:2007:i:2:p:145-149. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.