This paper analyzes the labor market impact of the Great Recession on overeducated and undereducated workers. In March 2008, the U.S. economy was near full employment with an unemployment rate of 4.8 percent. The next year, the unemployment rate peaked at 10.0 percent. The pace of the economic decline allows us to observe the workers'…

This paper addresses international student migration, return migration and labor market entry by examining the effects of graduate educational migration on employment, type of employment, wage and wait time to obtain employment. Using primary data collected in 2021 on 1774 burkinabè graduates, including non-migrants and migrants (returnees and…

This paper looks at the joint impact of labour market risk and selection into employment on returns to education estimates. The risk-adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk leads to an increase in returns to high school but to a "decrease" in the returns to college…

We study the returns to apprenticeship and vocational training for three early labor market outcomes all measured at age 25 for East and West German youths: non-employment (i.e. unemployment or out of the labor force), permanent fulltime employment, and wages. We find strong positive effects of apprenticeship and vocational training. There are no…

This paper examines the wage returns to qualifications and academic disciplines in the Greek labour market. Exploring wage responsiveness across various degree subjects in Greece is interesting, as it is characterised by high levels of graduate unemployment, which vary considerably with the field of study, and relatively low levels of wage…

Displaced workers experience significant and long-lasting wage losses. However, the average wage losses hide the tremendous differences among workers. So far, the differences are explained by differences in accumulated on-the-job experience, education level, age, and so on, but a large variation among similar workers remain. In this paper we…

Unemployment and labour market adjustment have featured prominently in the problems of transitional economies. However, the position of young people and their transitions from school to work in these new market economies has been virtually ignored. This paper examines a new large longitudinal data set relating to young people in Hungary over the…

In this article, rates of return to education for men and women have been estimated for the Spanish case, controlling for the biases appearing in the least squares estimation of the basic Mincerian equation. The results show that the returns for women are greater than those for men. The gender differential increases when taking into account the…

Addresses critical and extensively debated human resource issues involved with Hungary's transition to a market economy. Summarizes key problems, including educational system rigidity versus labor market flexibility and lack of feedback between growing unemployment and school system transformation. Highlights some proposed solutions consistent…