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…

This study analyzes college graduates in the workplace to evaluate the effects of horizontal mismatches between education and jobs on wages and mobility. Using the Heckman-Lee and probit models, this study shows that a gender wage gap still exists. However, the size of the gender wage differential depends on the extent of mismatch. Specifically,…

This paper analyses the prevalence of educational mismatch and its effects on wages in Brazil using a large employer-employee dataset. I find that half of the Brazilian labour market is mismatched, with similar proportions of over- and undereducated. Overeducated (undereducated) workers earn significantly lower (higher) than their co-workers who…

Several studies have considered whether American college students' hold "realistic" wage expectations. The consensus is that they do not--overestimation of future earnings is in the region of 40-50%. But is it just college students who overestimate the success they will have in the labor market, or is this something common to all…

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…

Important changes characterize the recent evolution of the schooling of workers in Portugal. The purpose of this paper is to investigate the consequences of those changes in the gender wage gap. In particular, we analyze and compare the way that this process has evolved in the groups of young workers and older workers. Our findings suggest that…

This paper estimates the returns to education for adult male workers in regular and casual wage employment using Indian national survey data at three points in time spanning almost two decades. Both standard and augmented Mincerian wage equations are estimated using a set of human capital measures and other controls after addressing the issue of…