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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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|