The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba

Autores
De Santis, Mariana; Gáname, María Cecilia; Moncarz, Pedro Esteban
Año de publicación
2018
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
Under the human capital theory, wages are determined by the worker productivity, which in its crudest form implies the return to education is not contingent on how the workers' skills are utilized in the labor market (Sloane, 2002). However, and after controlling for other differences, the empirical evidence has shown that workers with the same education can be paid differently. The literature has found young people are more likely to experience a mismatch between their formal education and the one required by the job. While there is not a consensus about the reasons for the mismatch, there is one about the consequences in terms of wages, overeducation means a penalty in terms of income. Our evidence shows that overeducated graduates of the FCE-UNC suffer a wage penalty when compared to those working in a job requiring a university degree. The results are robust to different specifications and to the use of alternative estimators. While the difference is not statistically significant, the penalty for those severely overeducated is larger than for those with a mild level of overeducation. To have working experience while studing at the university helps to reduce the cost of overeducation. The overall impact found for the whole sample appears to be driven by the impact of overeducation on female graduates. While for the case of overeducation we find statistically significant effects, the same is not the case for the level of horizontal match, either in terms of skills and knowledge.
Facultad de Ciencias Económicas
Materia
Ciencias Económicas
overeducation
wages
economic sciences graduates
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/165404

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spelling The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de CórdobaDe Santis, MarianaGáname, María CeciliaMoncarz, Pedro EstebanCiencias Económicasovereducationwageseconomic sciences graduatesUnder the human capital theory, wages are determined by the worker productivity, which in its crudest form implies the return to education is not contingent on how the workers' skills are utilized in the labor market (Sloane, 2002). However, and after controlling for other differences, the empirical evidence has shown that workers with the same education can be paid differently. The literature has found young people are more likely to experience a mismatch between their formal education and the one required by the job. While there is not a consensus about the reasons for the mismatch, there is one about the consequences in terms of wages, overeducation means a penalty in terms of income. Our evidence shows that overeducated graduates of the FCE-UNC suffer a wage penalty when compared to those working in a job requiring a university degree. The results are robust to different specifications and to the use of alternative estimators. While the difference is not statistically significant, the penalty for those severely overeducated is larger than for those with a mild level of overeducation. To have working experience while studing at the university helps to reduce the cost of overeducation. The overall impact found for the whole sample appears to be driven by the impact of overeducation on female graduates. While for the case of overeducation we find statistically significant effects, the same is not the case for the level of horizontal match, either in terms of skills and knowledge.Facultad de Ciencias Económicas2018-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/165404enginfo:eu-repo/semantics/altIdentifier/isbn/978-987-28590-6-0info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2018/moncarz.pdfinfo:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:43:26Zoai:sedici.unlp.edu.ar:10915/165404Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:43:27.176SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
spellingShingle The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
De Santis, Mariana
Ciencias Económicas
overeducation
wages
economic sciences graduates
title_short The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_full The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_fullStr The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_full_unstemmed The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
title_sort The impact of overeducation on wages of recent economic sciences graduates : An application to the case of the Universidad Nacional de Córdoba
dc.creator.none.fl_str_mv De Santis, Mariana
Gáname, María Cecilia
Moncarz, Pedro Esteban
author De Santis, Mariana
author_facet De Santis, Mariana
Gáname, María Cecilia
Moncarz, Pedro Esteban
author_role author
author2 Gáname, María Cecilia
Moncarz, Pedro Esteban
author2_role author
author
dc.subject.none.fl_str_mv Ciencias Económicas
overeducation
wages
economic sciences graduates
topic Ciencias Económicas
overeducation
wages
economic sciences graduates
dc.description.none.fl_txt_mv Under the human capital theory, wages are determined by the worker productivity, which in its crudest form implies the return to education is not contingent on how the workers' skills are utilized in the labor market (Sloane, 2002). However, and after controlling for other differences, the empirical evidence has shown that workers with the same education can be paid differently. The literature has found young people are more likely to experience a mismatch between their formal education and the one required by the job. While there is not a consensus about the reasons for the mismatch, there is one about the consequences in terms of wages, overeducation means a penalty in terms of income. Our evidence shows that overeducated graduates of the FCE-UNC suffer a wage penalty when compared to those working in a job requiring a university degree. The results are robust to different specifications and to the use of alternative estimators. While the difference is not statistically significant, the penalty for those severely overeducated is larger than for those with a mild level of overeducation. To have working experience while studing at the university helps to reduce the cost of overeducation. The overall impact found for the whole sample appears to be driven by the impact of overeducation on female graduates. While for the case of overeducation we find statistically significant effects, the same is not the case for the level of horizontal match, either in terms of skills and knowledge.
Facultad de Ciencias Económicas
description Under the human capital theory, wages are determined by the worker productivity, which in its crudest form implies the return to education is not contingent on how the workers' skills are utilized in the labor market (Sloane, 2002). However, and after controlling for other differences, the empirical evidence has shown that workers with the same education can be paid differently. The literature has found young people are more likely to experience a mismatch between their formal education and the one required by the job. While there is not a consensus about the reasons for the mismatch, there is one about the consequences in terms of wages, overeducation means a penalty in terms of income. Our evidence shows that overeducated graduates of the FCE-UNC suffer a wage penalty when compared to those working in a job requiring a university degree. The results are robust to different specifications and to the use of alternative estimators. While the difference is not statistically significant, the penalty for those severely overeducated is larger than for those with a mild level of overeducation. To have working experience while studing at the university helps to reduce the cost of overeducation. The overall impact found for the whole sample appears to be driven by the impact of overeducation on female graduates. While for the case of overeducation we find statistically significant effects, the same is not the case for the level of horizontal match, either in terms of skills and knowledge.
publishDate 2018
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