Jump to ContentJump to Main Navigation
Show Summary Details
More options …

Review of Economic Perspectives

Národohospodárský obzor; The Journal of Masaryk University

4 Issues per year


CiteScore 2016: 0.50

SCImago Journal Rank (SJR) 2016: 0.262
Source Normalized Impact per Paper (SNIP) 2016: 0.516

Open Access
Online
ISSN
1804-1663
See all formats and pricing
More options …
Volume 16, Issue 2

Issues

Educational mismatch in the Czech Labour Market

Martina Mysíková
Published Online: 2016-06-28 | DOI: https://doi.org/10.1515/revecp-2016-0008

Abstract

Educational mismatch in labour markets is a phenomenon that has been widely analysed, mainly with respect to rising concerns about a possible oversupply of graduates. Like most European countries, the Czech Republic has experienced a boom in tertiary education in the last decade. The incidence and determinants of over- and undereducation vary substantially depending both on the mismatch measurement approach and the data source applied. Educational mismatch is also reflected in wage levels: overeducated workers have lower wages and undereducated workers have higher wages than workers with the same education whose jobs match their education level. Second, overeducated workers earn more and undereducated workers earn less than their co-workers with exactly the required level of education. The effects are qualitatively the same regardless of the data source and measurement approach applied, but their sizes differ slightly.

Keywords : educational economics; human capital; overeducation; undereducation; wages

References

  • ALBA-RAMÍREZ, A. (1993). Mismatch in the Spanish labour market. Overeducation? Journal of Human Resources. 28, pp. 259-278.CrossrefGoogle Scholar

  • BAUER, T. (2002). Educational mismatch and wages: a panel analysis. Economics of Education Review. 21, pp. 221-229.Web of ScienceCrossrefGoogle Scholar

  • BEVAN, S. & COWLING, M. (2007). Job matching in the UK and Europe. Research report 25, The Work Foundation. http://dera.ioe.ac.uk/7125/1/research-report-25-jobmatching-in-the-uk-and-europe.pdf Google Scholar

  • CHEVALIER, A. (2003). Measuring over-education. Economica. 70, pp. 509-531.CrossrefGoogle Scholar

  • DUNCAN, G. J. & HOFFMAN, S. D. (1981). The incidence and wage effects of overeducation. Economics of Education Review. 1, pp. 75-86. DOI: 10.1016/0272-7757(81)90028-5CrossrefGoogle Scholar

  • FREEMAN, R. (1976). The overeducated American. New York: Academic Press.Google Scholar

  • GOTTSCHALK, P. & HANSEN, M. (2003). Is the proportion of college workers in non-college jobs increasing? Journal of Labor Economics. 21, pp. 449-471. DOI: 10.1086/345564CrossrefGoogle Scholar

  • HARTOG, J. & OOSTERBEEK, H. (1988). Education, allocation and earnings in the Netherlands: overschooling? Economics of Education Review. 7, pp. 185-194. DOI: 10.1016/0272-7757(88)90043-X CrossrefGoogle Scholar

  • HERNÁNDEZ, L. & SERRANO, L. (2012). Overeducation and its effects on wages: a closer look at the Spanish regions. Investigaciones Regionales. 2012, pp. 59-90.Google Scholar

  • JEONG, B., KEJAK, M. & VINOGRADOV, V. (2008). Changing composition of human capital. The Czech Republic, Hungary and Poland. Economics of Transition. 16, pp. 247-271. DOI: 10.1111/j.1468-0351.2008.00320.x CrossrefWeb of ScienceGoogle Scholar

  • KARAKAYA, G., PLASMAN, R. & RYCX, F. (2007). Overeducation on the Belgian labour market: evaluation and analysis of the explanatory factors through two types of approaches. Compare: A Journal of Comparative and International Education. 37, pp. 513-532.CrossrefGoogle Scholar

  • KIKER, B. F., SANTOS, M. C., & DE OLIVEIRA, M. M. (1997). Overeducation and undereducation: evidence for Portugal. Economics of Education Review. 16, pp. 111-125. DOI: 10.1016/S0272-7757(96)00040-4CrossrefGoogle Scholar

  • MCGOLDRICK, K. M. & ROBST, J. (1996). Gender differences in overeducation: a test of the theory of differential overqualification. The American Economic Review. 86, pp. 280-84.Google Scholar

  • MINCER, A. (1974). Schooling, experience and earnings. New York: NBER Press.Google Scholar

  • MYSÍKOVÁ, M. (2011). EU-SILC and its methodological pitfalls: international comparability and income variables. Data a výzkum - CSA Info. 5, pp. 147-170 (in Czech).Google Scholar

  • NIETO, S. (2014). Overeducation, skills and wage penalty: Evidence for Spain using PIAAC data. IREA Working Paper 2014/11. Barcelona: Research Institute of Applied Economics.Google Scholar

  • OECD (2007). International migration outlook: SOPEMI 2007 edition. Paris: OECD. DOI: 10.1787/migr_outlook-2007-sum-is CrossrefGoogle Scholar

  • RAŠOVEC, T. & VAVŘINOVÁ, T. (2014). Skills and educational mismatch in the Czech Republic: comparison of different approaches applied on PIAAC. Statistika 94, pp. 58-79.Google Scholar

  • ROSEN, S. (1972). Learning and experience in the labor market. Journal of Human Resources. 7, pp. 326-342. DOI: 10.2307/145087CrossrefGoogle Scholar

  • RUBB, S. (2003). Overeducation: a short or long run phenomenon for individuals? Economics of Education Review. 22, pp. 389-394. DOI: 10.1016/S0272-7757(02)00052-3CrossrefGoogle Scholar

  • THUROW, L. C. (1975). Generating inequality. New York: Basic Books.Google Scholar

  • VAN DER MEER, P. & WIELERS, R. (1996). Educational credentials and trust in the labour market. Kyklos. 49, pp. 29-46. DOI: 10.1111/j.1467-6435.1996.tb01383.x CrossrefGoogle Scholar

  • VEČERNÍK, J. (2013). The changing role of education in the distribution of earnings and household income. The Czech Republic, 1988-2009. Economics of Transition. 21, pp. 111-133. DOI: 10.1111/ecot.12002CrossrefWeb of ScienceGoogle Scholar

  • VERDUGO, R. & VERDUGO, N. (1989). The impact of surplus schooling on earnings: some additional findings. Journal of Human Resources. 24, pp. 629-643. DOI: 10.2307/145998CrossrefGoogle Scholar

About the article

Received: 2015-10-02

Revised: 2016-06-16

Accepted: 2016-01-27

Published Online: 2016-06-28

Published in Print: 2016-06-01


Citation Information: Review of Economic Perspectives, Volume 16, Issue 2, Pages 103–120, ISSN (Online) 1804-1663, DOI: https://doi.org/10.1515/revecp-2016-0008.

Export Citation

© by Martina Mysíková. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. BY-NC-ND 4.0

Comments (0)

Please log in or register to comment.
Log in