Examines relationship between overeducation and enterprise-related schooling, using data from a 1983 Dutch study of 43-year-old employees. Correctly allocated workers have the highest probability of participation in enterprise-related schooling, whereas undereducated workers have the lowest probability. The average rate of return on a year of…

Develops an empirical model for heterogeneous human capital investment decisions, using survey data from a cohort of Dutch workers. Applies the model to investment in three forms of enterprise-related training: technical, economic-administrative, and other. Results show that technical training yields the lowest wage gain, while other…

A meta-analysis of studies on overeducation and undereducation in the labor market reveals that of the four different definitions of overeducation distinguished in the literature, only the one based on variation in years of education within occupational groups appears to yield significantly lower-than-average rates of overeducation. (Contains 4…