Education outcomes and the labor market
Obiols Homs, Francesc (Universitat Autònoma de Barcelona)
Sánchez-Marcos, Virginia (Universidad de Cantabria)

Fecha:	2018
Resumen:	The quality of education appears to be negatively correlated with both the overeducation of workers at the tasks they perform and the unemployment rate across EU-15 countries, and positively correlated with the wage premium associated to tertiary education. We develop a model of the labor market with frictions to quantitatively investigate the impact of the education outcomes on the labor market. We show that both the ability of educated and non educated workers have sizable effects on the incentives of firms regarding the type of vacancies they open and also regarding the incentives of educated workers as of where to search for a job. Therefore education outcomes are relevant to understand the overeducation phenomena observed in the labor market. According to our quantitative analysis had the quality of education observed in Spain been similar to the European average then the overeducation rate would have been between 5 and 10 percentage points lower and the unemployment rate of the two types of workers would be reduced by 40%, but the tertiary education wage premium would be slightly smaller than in the benchmark economy.
Ayudas:	Ministerio de Economía y Competitividad FEDER/ECO2015-64467-R Ministerio de Economía y Competitividad ECO2015-67602 Ministerio de Economía y Competitividad ECO2012-32392 Ministerio de Economía y Competitividad SEV-2015-0563
Derechos:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.
Lengua:	Anglès
Documento:	Article ; recerca ; Versió acceptada per publicar
Materia:	Occupational-mismatch ; Tertiary education wage premium ; Ability
Publicado en:	Labour economics, Vol. 54 (October 2018) , ISSN 0927-5371

DOI: 10.1016/j.labeco.2018.06.001

Postprint 36 p, 1.4 MB

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