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Measurement error and the returns to excess schooling

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  • John Robst

Abstract

This paper considers the degree of measurement error in estimates of required schooling for jobs and the bias created by errors when estimating the returns to overeducation. Using the Panel Study of Income Dynamics, it finds substantial differences between estimates of required schooling. Thus errors in measurement may seriously bias previous results examining the wage effects of overeducation. This paper uses instrumental variable techniques to correct for measurement error and finds no significant returns for surplus schooling.

Suggested Citation

  • John Robst, 1994. "Measurement error and the returns to excess schooling," Applied Economics Letters, Taylor & Francis Journals, vol. 1(9), pages 142-144.
    • Handle: RePEc:taf:apeclt:v:1:y:1994:i:9:p:142-144
    DOI: 10.1080/135048594357989
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    Cited by:

    1. Inmaculada Garc�a-Mainar & V�ctor M. Montuenga-G�mez, 2017. "Subjective educational mismatch and signalling in Spain," Documentos de Trabajo dt2017-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    2. Sellami Sana & Verhaest Dieter & Nonneman Walter & Van Trier Walter, 2017. "The Impact of Educational Mismatches on Wages: The Influence of Measurement Error and Unobserved Heterogeneity," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(1), pages 1-20, February.
    3. Dieter Verhaest & Eddy Omey, 2012. "Overeducation, Undereducation and Earnings: Further Evidence on the Importance of Ability and Measurement Error Bias," Journal of Labor Research, Springer, vol. 33(1), pages 76-90, March.
    4. Christian K. Darko & Kennedy K. Abrokwa, 2020. "Do you really need it? Educational mismatch and earnings in Ghana," Review of Development Economics, Wiley Blackwell, vol. 24(4), pages 1365-1392, November.
    5. Lex Borghans & Bart Golsteyn, 2007. "Skill transferability, regret and mobility," Applied Economics, Taylor & Francis Journals, vol. 39(13), pages 1663-1677.
    6. Inmaculada García-Mainar & Víctor M. Montuenga-Gómez, 2020. "Over-Qualification and the Dimensions of Job Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(2), pages 591-620, January.
    7. Wen, Le & Maani, Sholeh A., 2023. "Earnings Penalty of Educational Mismatch: A Comparison of Alternative Methods of Assessing Over-Education," IZA Discussion Papers 15943, Institute of Labor Economics (IZA).
    8. Zakariya, Zainizam, 2014. "Wage Effect of Over-Education and Mismatch in Malaysia: A Random Effect Approach," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 48(2), pages 3-17.
    9. Lex Borghans & Bart Golsteyn, 2007. "Skill transferability, regret and mobility," Applied Economics, Taylor & Francis Journals, vol. 39(13), pages 1663-1677.
    10. Iriondo, Iñaki & Pérez-Amaral, Teodosio, 2016. "The effect of educational mismatch on wages in Europe," Journal of Policy Modeling, Elsevier, vol. 38(2), pages 304-323.
    11. Lourdes Badillo-Amador & Antonio García-Sánchez & Luis Vila, 2005. "Mismatches in the Spanish Labor Market: Education vs. Competence Match," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(1), pages 93-109, February.
    12. Zheng, Yanqiao & Zhang, Xiaoqi & Zhu, Yu, 2021. "Overeducation, major mismatch, and return to higher education tiers: Evidence from novel data source of a major online recruitment platform in China," China Economic Review, Elsevier, vol. 66(C).
    13. Iñaki Iriondo & Teodosio Pérez-Amaral, 2013. "The Effect of Educational Mismatch on Wages Using European Panel Data," Working Papers 700, Queen Mary University of London, School of Economics and Finance.
    14. Dolton, Peter J. & Silles, Mary A., 2008. "The effects of over-education on earnings in the graduate labour market," Economics of Education Review, Elsevier, vol. 27(2), pages 125-139, April.
    15. repec:kap:iaecre:v:11:y:2005:i:1:p:93-109 is not listed on IDEAS
    16. Hanol Lee & Jong‐Wha Lee & Eunbi Song, 2016. "Effects of Educational Mistmatch on Wages in the Korean Labor Market," Asian Economic Journal, East Asian Economic Association, vol. 30(4), pages 375-400, December.
    17. Henna Ahsan, 2024. "Impact of Education Mismatch on Earnings: Evidence from Pakistan’s Labor Market," PIDE-Working Papers 2024:1, Pakistan Institute of Development Economics.
    18. Iñaki Iriondo & Teodosio Pérez-Amaral, 2013. "The Effect of Educational Mismatch on Wages Using European Panel Data," Working Papers 700, Queen Mary University of London, School of Economics and Finance.
    19. Robst, John, 2007. "Education and job match: The relatedness of college major and work," Economics of Education Review, Elsevier, vol. 26(4), pages 397-407, August.

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