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The Wage Effects Of Over-Education Among Young Stem Graduates

Author

Listed:
  • KIHONG PARK

    (Department of Economics, Korea Army Academy at Yeong-cheon (KAAY), South Korea)

  • DOOSEOK JANG

    (School of Humanities & Social Sciences, Korea Advanced Institute of Science Technology (KAIST), South Korea)

Abstract

Using data from the 2010 Graduates Occupational Mobility Survey, this paper examines the wage effects of over-education (OE) among graduates in science, technology, engineering, and mathematics (STEM) disciplines at the early stage of their careers. In the pooled OLS analysis, the negative correlation between OE and wages remains even if we were to estimate an augmented specification where OE is disaggregated according to perceived skill mismatch. However, the pooled OLS estimates are changed dramatically when we control for unobserved individual heterogeneity (i.e., ability) using the panel FE estimation procedure; namely, reduced coefficients in the wage equation compared to pooled OLS estimation.

Suggested Citation

  • Kihong Park & Dooseok Jang, 2019. "The Wage Effects Of Over-Education Among Young Stem Graduates," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(05), pages 1351-1370, December.
    • Handle: RePEc:wsi:serxxx:v:64:y:2019:i:05:n:s0217590817500059
    DOI: 10.1142/S0217590817500059
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    Cited by:

    1. Mariana Olga De Santis & María Cecilia Gáname & Pedro Esteban Moncarz, 2022. "The Impact of Overeducation on Wages of Recent Economic Sciences Graduates," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 409-445, August.

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