This paper is among the first to investigate the impact of over-education and over-skilling on workers' wages using a unique pan-European database covering twenty-eight countries for the year 2014, namely the CEDEFOP's European Skills and Jobs (ESJ) survey. Overall, the results suggest the existence of a wage penalty associated with…

Using a unique pan-European dataset, we rely on two alternative measures of over-education and control stepwise for four groups of covariates in order to interpret the over-education wage penalty in light of theoretical models. Firstly, it appears that a significant fraction (i.e. between 1/5 and 1/3) of PhD holders in Europe are genuinely…

According to a prominent hypothesis, the occurrence of educational mismatches is consistent with human capital theory since over- and undereducation are substitutes for heterogeneity in the abilities and skills among educational peers. Using German data[superscript 1] of literacy and numeracy test scores, I find evidence that compared to their…

This paper analyses immigrants' educational mismatch and its impact on wages in Spain. The incidence of immigrants' education-occupation mismatch in the Spanish labour market can largely be explained by the mismatch in the last job held in the home country. The probability of having been over-educated in the home country has a higher effect on the…

Our study assesses whether high school science, technology, engineering, and mathematics (STEM) courses provide non-college bound youth with the skills and training necessary to successfully transition from high school into the STEM economy. Specifically, our study estimates the effects that advanced math, advanced science, engineering, and…

Using data on German university graduates, this paper analyzes wage differentials by field of study at labor market entry and five to six years later. At both points of time, graduates from arts/humanities have lower average monthly wages compared to other fields. Blinder-Oaxaca decompositions show that these wage differentials can be explained…

This paper examines the outcome of over-skilling and over-education on wages and job satisfaction of full-time employees in Australia between 2001 and 2008. We employ a random effects probit model with Mundlak corrections. We find differences by type of mismatch, education pathway, and gender. We categorise reported mismatches as genuine…

Drawing on various theories, compares relative labor-market positions of graduates from two types of Dutch higher education systems in business administration and economics. Analysis of earnings and job opportunities show that university study generates more human capital and job matchings than higher education vocational study. (Contains 17…