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The Relation between the Wage, Job-related Training and the Quality of the Match between Occupations and the Types of Education

Author

Listed:
  • Eijs P. van
  • Heijke H.

    (ROA rm)

Abstract

The aim of the paper is twofold. In the first place, to find an explanation for the mismatch phenomena which can be found on the labour market by emphasising the nontransparency of the labour market. In the second place, to derive an objective mismatch measure, which enables to investigate the quality of the match between occupations and types of education and to find that particular type of education which has a comparative advantage in the occupation concerned. The result is a theoretical model in which concave earnings-training profiles are derived. Initial wages indicate the quality of the match. Training is used to decrease the mismatch between acquired and required skills. By estimating earnings function by occupational level and occupational field the theoretical framework has been tested empirically. The hypothesis that the earnings-tenure profile is concave can be confirmed by the estimates. Furthermore, the estimates of the mismatch measure yield attractive results, especially concerning the quality of the match between occupational and educational levels. Finally, estimating a training function confirms the hypothesis that training efforts are positively related to the degree of mismatch. So, it may be concluded that the approach which has been developed in this paper yields a useful mismatch measure.

Suggested Citation

  • Eijs P. van & Heijke H., 1996. "The Relation between the Wage, Job-related Training and the Quality of the Match between Occupations and the Types of Education," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
  • Handle: RePEc:unm:umaror:1996003
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    File URL: https://cris.maastrichtuniversity.nl/portal/files/841123/content
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    References listed on IDEAS

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    1. Sattinger, Michael, 1993. "Assignment Models of the Distribution of Earnings," Journal of Economic Literature, American Economic Association, vol. 31(2), pages 831-880, June.
    2. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
    3. Hartog, Joop, 1985. "Earnings functions : Testing for the demand side," Economics Letters, Elsevier, vol. 19(3), pages 281-285.
    4. Peter Howitt, 1988. "Business Cycles With Costly Search and Recruiting," The Quarterly Journal of Economics, Oxford University Press, vol. 103(1), pages 147-165.
    5. P. J. Sloane & H. Battu & P. T. Seaman, 1999. "Overeducation, undereducation and the British labour market," Applied Economics, Taylor & Francis Journals, vol. 31(11), pages 1437-1453.
    6. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, March.
    7. Jovanovic, Boyan, 1979. "Job Matching and the Theory of Turnover," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 972-990, October.
    8. Jacob A. Mincer, 1974. "Age and Experience Profiles of Earnings," NBER Chapters, in: Schooling, Experience, and Earnings, pages 64-82, National Bureau of Economic Research, Inc.
    9. Cohn, Elchanan & Khan, Shahina P., 1995. "The wage effects of overschooling revisited," Labour Economics, Elsevier, vol. 2(1), pages 67-76, March.
    10. Sattinger, Michael, 1975. "Comparative Advantage and the Distributions of Earnings and Abilities," Econometrica, Econometric Society, vol. 43(3), pages 455-468, May.
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    Cited by:

    1. Ferrari, Filippo, 2010. "Prestazione professionale = Competenza x Motivazione. Un modello a due dimensioni per la Gestione delle Risorse Umane
      [Work Performance = Competence x Motivation. A two-side model for Human Resourc
      ," MPRA Paper 26915, University Library of Munich, Germany.
    2. Grip,A.,de & Heijke,H., 1998. "Beyond Manpower Planning: ROA's Labour Market Model and its Forecasts to 2002," ROA Working Paper 006, Maastricht University, Research Centre for Education and the Labour Market (ROA).

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    Keywords

    education; training and the labour market;

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