1,479
Views
3
CrossRef citations to date
0
Altmetric
Research Article

Overeducation and wages: the role of cognitive skills and personality traits

ORCID Icon
Pages 85-111 | Received 19 Nov 2020, Accepted 28 Jun 2021, Published online: 13 Jul 2021

References

  • Allen, J., & Van der Velden, R. (2001). Educational mismatches versus skill mismatches: Effects on wages, job satisfaction, and on-the-job search. Oxford Economic Papers, 53(3), 434–452. https://doi.org/10.1093/oep/53.3.434
  • Almlund, M., Duckworth, A. L., Heckman, J., & Kautz, T. (2011). Personality psychology and economics. In E. A. Hanushek, S. J. Machin, & L. Woessmann (Eds.), Handbook of economics of education (Vol. 4, pp. 1–181). Elsevier BV.
  • Anger, S., Camehl, G., & Peter, F. (2017). Involuntary job loss and changes in personality traits. Journal of Economic Psychology, 60, 71–91. https://doi.org/10.1016/j.joep.2017.01.007
  • Baran, J. (2018). A side effect of a university boom: Rising incidence of overeducation among tertiary educated workers in Poland. Economics and Business Review, 4(18)(2), 41–63. https://doi.org/10.18559/ebr.2018.2.3
  • Bauer, T. K. (2002). Educational mismatch and wages: A panel analysis. Economics of Education Review, 21(3), 221–229. https://doi.org/10.1016/S0272-7757(01)00004-8
  • Becker, G. S. (1964). Human capital: A theoretical and empirical analysis, with special reference to education. University of Chicago Press.
  • Blázquez, M., & Budría, S. (2012). Overeducation dynamics and personality. Education Economics, 20(3), 260–283. https://doi.org/10.1080/09645292.2012.679338
  • Borghans, L., Duckworth, A. L., Heckman, J. J., & Ter Weel, B. (2008). The economics and psychology of personality traits. Journal of Human Resources, 43(4), 972–1059. https://doi.org/10.3368/jhr.43.4.972
  • Caliendo, M., Cobb-Clark, D. A., & Uhlendorff, A. (2015). Locus of control and job search strategies. Review of Economics and Statistics, 97(1), 88–103. https://doi.org/10.1162/REST_a_00459
  • Caliendo, M., & Kopeinig, S. (2008). Some practical guidance for the implementation of propensity score matching. Journal of Economic Surveys, 22(1), 31–72. https://doi.org/10.1111/j.1467-6419.2007.00527.x
  • Caliendo, M., Mahlstedt, R., & Mitnik, O. A. (2017). Unobservable, but unimportant? The relevance of usually unobserved variables for the evaluation of labor market policies. Labour Economics, 46, 14–25. https://doi.org/10.1016/j.labeco.2017.02.001
  • Cameron, A. C., & Trivedi, P. K. (2009). Microeconometrics using stata. Stata Press.
  • Caroleo, F. E., & Pastore, F. (2018). Overeducation at a glance. Determinants and wage effects of the educational mismatch based on AlmaLaurea data. Social Indicators Research, 137(3), 999–1032. https://doi.org/10.1007/s11205-017-1641-1
  • Caselli, F., & Tenreyro, S. (2006). Is Poland the next Spain? In R. H. Clarida, J. Frankel, F. Giavazzi, & K. D. West (Eds.), NBER international seminar on macroeconomics 2004 (pp. 459–533). MIT Press.
  • Chevalier, A. (2003). Measuring over-education. Economica, 70(279), 509–531. https://doi.org/10.1111/1468-0335.t01-1-00296
  • Chiswick, B. R., & Miller, P. W. (2010). Does the choice of reference levels of education matter in the ORU earnings equation? Economics of Education Review, 29(6), 1076–1085. https://doi.org/10.1016/j.econedurev.2010.06.001
  • Cobb-Clark, D. A., & Schurer, S. (2012). The stability of big-five personality traits. Economics Letters, 115(1), 11–15. https://doi.org/10.1016/j.econlet.2011.11.015
  • Cohn, E., & Khan, S. P. (1995). The wage effects of overschooling revisited. Labour Economics, 2(1), 67–76. https://doi.org/10.1016/0927-5371(95)80008-L
  • de Grip, A., Bosma, H., Willems, D., & van Boxtel, M. (2008). Job-worker mismatch and cognitive decline. Oxford Economic Papers, 60(2), 237–253. https://doi.org/10.1093/oep/gpm023
  • Dolton, P. J., & Silles, M. A. (2008). The effects of over-education on earnings in the graduate labour market. Economics of Education Review, 27(2), 125–139. https://doi.org/10.1016/j.econedurev.2006.08.008
  • Duckworth, A. L., Peterson, C., Matthews, M. D., & Kelly, D. R. (2007). Grit: Perseverance and passion for long-term goals. Journal of Personality and Social Psychology, 92(6), 1087–1101. https://doi.org/10.1037/0022-3514.92.6.1087
  • Duckworth, A. L., & Quinn, P. D. (2009). Development and validation of the Short Grit Scale (GRIT–S). Journal of Personality Assessment, 91(2), 166–174. https://doi.org/10.1080/00223890802634290
  • Duncan, G. J., & Hoffman, S. D. (1981). The incidence and wage effects of overeducation. Economics of Education Review, 1(1), 75–86. https://doi.org/10.1016/0272-7757(81)90028-5
  • Eskreis-Winkler, L., Shulman, E. P., Beal, S. A., & Duckworth, A. L. (2014). The grit effect: Predicting retention in the military, the workplace, school and marriage. Frontiers in Psychology, 5(36). https://doi.org/10.3389/fpsyg.2014.00036
  • Gerlitz, J.-Y., & Schupp, J. (2005). Zur Erhebung der Big-Five-basierten persoenlichkeitsmerkmale im SOEP. DIW Research Notes 4, 2005.
  • Green, F., & McIntosh, S. (2007). Is there a genuine under-utilization of skills amongst the over-qualified? Applied Economics, 39(4), 427–439. https://doi.org/10.1080/00036840500427700
  • Green, F., & Zhu, Y. (2010). Overqualification, job dissatisfaction, and increasing dispersion in the returns to graduate education. Oxford Economic Papers, 62(4), 740–763. https://doi.org/10.1093/oep/gpq002
  • Groot, W., & van den Brink, H. M. (2000). Overeducation in the labor market: A meta-analysis. Economics of Education Review, 19(2), 149–158. https://doi.org/10.1016/S0272-7757(99)00057-6
  • Hartog, J. (2000). Over-education and earnings: Where are we, where should we go? Economics of Education Review, 19(2), 131–147. https://doi.org/10.1016/S0272-7757(99)00050-3
  • Heckman, J. J., & Kautz, T. (2012). Hard evidence on soft skills. Labour Economics, 19(4), 451–464. https://doi.org/10.1016/j.labeco.2012.05.014
  • Heineck, G., & Anger, S. (2010). The returns to cognitive abilities and personality traits in Germany. Labour Economics, 17(3), 535–546. https://doi.org/10.1016/j.labeco.2009.06.001
  • John, O. P., Donahue, E. M., & Kentle, R. L. (1991). The big five inventory—Versions 4a and 54. University of California, Berkeley, Institute of Personality and Social Research.
  • Jovanovic, B. (1979). Job matching and the theory of turnover. Journal of Political Economy, 87(5, Part 1), 972–990. https://doi.org/10.1086/260808
  • Judge, T. A., Bono, J. E., Erez, A., & Locke, E. A. (2005). Core self-evaluations and job and life satisfaction: The role of self-concordance and goal attainment. Journal of Applied Psychology, 90(2), 257–268. https://doi.org/10.1037/0021-9010.90.2.257
  • Judge, T. A., Erez, A., Bono, J. E., & Thoresen, C. J. (2002). Are measures of self-esteem, neuroticism, locus of control, and generalized self-efficacy indicators of a common core construct? Journal of Personality and Social Psychology, 83(3), 693–710. https://doi.org/10.1037/0022-3514.83.3.693
  • Kautz, T., Heckman, J. J., Diris, R., ter Weel, B., & Borghans, L. (2014). Fostering and measuring skills: Improving cognitive and non-cognitive skills to promote lifetime success (Working Paper No. 20749). National Bureau of Economic Research.
  • Kiersztyn, A. (2013). Stuck in a mismatch? The persistence of overeducation during twenty years of the post-communist transition in Poland. Economics of Education Review, 32, 78–91. https://doi.org/10.1016/j.econedurev.2012.09.009
  • Kiker, B. F., Santos, M. C., & de Oliveira, M. M. (1997). Overeducation and undereducation: Evidence for Portugal. Economics of Education Review, 16(2), 111–125. https://doi.org/10.1016/S0272-7757(96)00040-4
  • Kleibrink, J. (2016). Inept or badly matched? — Effects of educational mismatch in the labor market. Labour (committee. on Canadian Labour History), 30(1), 88–108. https://doi.org/10.1111/labr.12065
  • Korpi, T., & Tåhlin, M. (2009). Educational mismatch, wages, and wage growth: Overeducation in Sweden, 1974–2000. Labour Economics, 16(2), 183–193. https://doi.org/10.1016/j.labeco.2008.08.004
  • Kupets, O. (2016). Education in transition and Job mismatch: Evidence from the skills Survey in Non-EU transition economies. The Journal of Comparative Economic Studies, 11, 117–150. http://www.ces.kier.kyoto-u.ac.jp/jces_11.html
  • Lamo, A., & Messina, J. (2010). Formal education, mismatch and wages after transition: Assessing the impact of unobserved heterogeneity using matching estimators. Economics of Education Review, 29(6), 1086–1099. https://doi.org/10.1016/j.econedurev.2010.06.002
  • Leuven, E., & Oosterbeek, H. ( (Eds.), 2011). Overeducation and mismatch in the labor market. In E. A. Hanushek, S. Machin, & L. Woessmann, Handbook of the Economics of education (Vol. 4, pp. 283–326). Elsevier.
  • Levels, M., van der Velden, R., & Allen, J. (2014). Educational mismatches and skills: New empirical tests of old hypotheses. Oxford Economic Papers, 66(4), 959–982. https://doi.org/10.1093/oep/gpu024
  • Lindqvist, E., & Vestman, R. (2011). The labor market returns to cognitive and noncognitive ability: Evidence from the Swedish enlistment. American Economic Journal: Applied Economics, 3(1), 101–128. https://doi.org/10.1257/app.3.1.101
  • Liwiński, J., & Pastore, F. (2021). Are school-provided skills useful at work? Results of the wiles test. Research in Higher Education, 62, 72–97. https://doi.org/10.1007/s11162-019-09569-5
  • McCrae, R. R., & Costa, P. T., Jr. (1999). A five-factor theory of personality. In L. A. Pervin & O. P. John (Eds.), Handbook of Personality: Theory and Research (2, pp. 139–153). The Guilford Press.
  • McGee, A. D. (2015). How the perception of control influences unemployed job search. Industrial & Labor Relations Review, 68(1), 184–211. https://doi.org/10.1177/0019793914556245
  • McGuinness, S. (2006). Overeducation in the labour market. Journal of Economic Surveys, 20(3), 387–418. https://doi.org/10.1111/j.0950-0804.2006.00284.x
  • McGuinness, S. (2008). How biased are the estimated wage impacts of overeducation? A propensity score matching approach. Applied Economics Letters, 15(2), 145–149. https://doi.org/10.1080/13504850600721999
  • McGuinness, S., Bergin, A., & Whelan, A. (2018). Overeducation in Europe: Trends, convergence, and drivers. Oxford Economic Papers, 70(4), 994–1015. https://doi.org/10.1093/oep/gpy022
  • McGuinness, S., & Sloane, P. J. (2011). Labour market mismatch among UK graduates: An analysis using REFLEX data. Economics of Education Review, 30(1), 130–145. https://doi.org/10.1016/j.econedurev.2010.07.006
  • Meroni, E. C., & Vera-Toscano, E. (2017). The persistence of overeducation among recent graduates. Labour Economics, 48, 120–143. https://doi.org/10.1016/j.labeco.2017.07.002
  • Montt, G. (2017). Field-of-study mismatch and overqualification: Labour market correlates and their wage penalty. IZA Journal of Labor Economics, 6(2), 1–20. https://doi.org/10.1186/s40172-016-0052-x.
  • Nguyen, C. M., Koenigs, M., Yamada, T. H., Teo, S. H., Cavanaugh, J. E., Tranel, D., & Denburg, N. L. (2011). Trustworthiness and negative affect predict economic decision making. Journal of Cognitive Psychology, 23(6), 748–759. https://doi.org/10.1080/20445911.2011.575773
  • Palczyńska, M., & Świst, K. (2016). Measurement properties of non-cognitive scales in the Polish follow-up study on PIAAC (POSTPIAAC) (OECD Education Working Paper, No. 149).
  • Palczyńska, M., & Świst, K. (2018). Personality, cognitive skills and life outcomes: Evidence from the Polish follow-up study to PIAAC. Large-Scale Assessments in Education, 6(1), 1–23. https://doi.org/10.1186/s40536-018-0056-z.
  • Preuss, M., & Hennecke, J. (2018). Biased by success and failure: How unemployment shapes locus of control. Labour Economics, 53, 63–74. https://doi.org/10.1016/j.labeco.2018.05.007
  • Rosenbaum, P. R., & Rubin, D. B. (1983). The central role of the propensity score in observational studies for causal effects. Biometrika, 70(1), 41–55. https://doi.org/10.1093/biomet/70.1.41
  • Rubb, S. (2003). Overeducation in the labor market: A comment and re-analysis of a meta-analysis. Economics of Education Review, 22(6), 621–629. https://doi.org/10.1016/S0272-7757(02)00077-8
  • Sattinger, M. (1993). Assignment Models of the distribution of earnings. Journal of Economic Literature, 31(2), 831–880.
  • Sattinger, M. (2012, April). Assignment models and quantitative mismatches. In: Prepared for the expert workshop “Skill mismatch and firm dynamics: Integrating skills with the world of work”.
  • Schultz, T. W. (1961). Investment in human capital. The American Economic Review, 51(1), 1–17.
  • Sicherman, N., & Galor, O. (1990). A theory of career mobility. Journal of Political Economy, 98(1), 169–192. https://doi.org/10.1086/261674
  • Sohn, K. (2010). The role of cognitive and noncognitive skills in overeducation. Journal of Labor Research, 31(2), 124–145. https://doi.org/10.1007/s12122-010-9082-5
  • Strawiński, P., Majchrowska, A., & Broniatowska, P. (2018). Wage returns to different education levels. Evidence from Poland. Ekonomista, (1), 25–49.
  • Thurow, L. C. (1972). Education and economic equality. The Public Interest, 28, 66–81.
  • UNESCO Institute for Statistics. (2012). International standard classification of education: ISCED 2011. UNESCO Institute for Statistics.
  • van der Velden, R., & van Smoorenburg, M. (2000). The measurement of overeducation and undereducation: self-report vs. job-analyst method. Les Cahiers du Lasmas, Serie Seminaire (pp. 9–17).
  • Verdugo, R. R., & Verdugo, N. T. (1989). The impact of surplus schooling on earnings: Some additional findings. The Journal of Human Resources, 24(4), 629–643. https://doi.org/10.2307/145998
  • Verhaest, D., & Omey, E. (2006). The impact of overeducation and its measurement. Social Indicators Research, 77(3), 419–448. https://doi.org/10.1007/s11205-005-4276-6
  • Verhaest, D., & Omey, E. (2012). Overeducation, undereducation and earnings: Further evidence on the importance of ability and measurement error bias. Journal of Labor Research, 33(1), 76–90. https://doi.org/10.1007/s12122-011-9125-6
  • Wincenciak, L. (2016). Educational mismatches and earnings in Poland: Are graduates penalised for being overeducated? . Ekonomia. Rynek, Gospodarka, Społeczeństwo, 46, 145–167.