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Review of Economic Perspectives

Národohospodárský obzor; The Journal of Masaryk University

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1804-1663
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Volume 16, Issue 2 (Jun 2016)

Issues

Educational mismatch in the Czech Labour Market

Martina Mysíková
  • National Training Fund, Opletalova 1, 110 00 Praha 1
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

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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, 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. (CC BY-NC-ND 4.0)

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