The effects of over-education on earnings in the graduate labour market
The massive transition to higher education and the large number of university graduates taking school-leavers' jobs has led many to question the widely held view that a university education is a good investment and a guarantee of economic success. This paper using data from one large civic univ...
| Main Authors: | , |
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| Format: | Working paper |
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University of Oxford
2002
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| _version_ | 1797058956232753152 |
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| author | Silles, M Dolton, P |
| author_facet | Silles, M Dolton, P |
| author_sort | Silles, M |
| collection | OXFORD |
| description | The massive transition to higher education and the large number of university graduates taking school-leavers' jobs has led many to question the widely held view that a university education is a good investment and a guarantee of economic success. This paper using data from one large civic university in the UK to consider the determinants and consequences of over-education. Approximately one in five graduates genuinely have more education than their jobs require. This study tests and rejects the hypothesis of non-random selection into over-education among graduates who have been in the labour market for some time. In addition, the evidence strongly suggests that ordinary least squares systematically underestimate the magnitude of the negative effects of over-education of earnings. |
| first_indexed | 2024-03-06T19:57:24Z |
| format | Working paper |
| id | oxford-uuid:261640d0-96d9-49dd-9efd-4c1cd6292bae |
| institution | University of Oxford |
| last_indexed | 2024-03-06T19:57:24Z |
| publishDate | 2002 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:261640d0-96d9-49dd-9efd-4c1cd6292bae2022-03-26T11:59:02ZThe effects of over-education on earnings in the graduate labour marketWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:261640d0-96d9-49dd-9efd-4c1cd6292baeBulk import via SwordSymplectic ElementsUniversity of Oxford2002Silles, MDolton, PThe massive transition to higher education and the large number of university graduates taking school-leavers' jobs has led many to question the widely held view that a university education is a good investment and a guarantee of economic success. This paper using data from one large civic university in the UK to consider the determinants and consequences of over-education. Approximately one in five graduates genuinely have more education than their jobs require. This study tests and rejects the hypothesis of non-random selection into over-education among graduates who have been in the labour market for some time. In addition, the evidence strongly suggests that ordinary least squares systematically underestimate the magnitude of the negative effects of over-education of earnings. |
| spellingShingle | Silles, M Dolton, P The effects of over-education on earnings in the graduate labour market |
| title | The effects of over-education on earnings in the graduate labour market |
| title_full | The effects of over-education on earnings in the graduate labour market |
| title_fullStr | The effects of over-education on earnings in the graduate labour market |
| title_full_unstemmed | The effects of over-education on earnings in the graduate labour market |
| title_short | The effects of over-education on earnings in the graduate labour market |
| title_sort | effects of over education on earnings in the graduate labour market |
| work_keys_str_mv | AT sillesm theeffectsofovereducationonearningsinthegraduatelabourmarket AT doltonp theeffectsofovereducationonearningsinthegraduatelabourmarket AT sillesm effectsofovereducationonearningsinthegraduatelabourmarket AT doltonp effectsofovereducationonearningsinthegraduatelabourmarket |