This study examines the return to a year of schooling and the 'wage penalty' of over-education in the Israeli labour market. I used 2014-2015 PIAAC survey data to examine whether the basic assumption of the ORU wage model, i.e. that the return to a year of over-education is independent of the level of education, is plausible. I find that in…

This article accounts for a renovation by enriching the existent literature regarding two major nowadays phenomena and their labor implications, which might require a rethinking regarding new career-development approaches: the overeducation phenomenon (academic graduates whose educational level exceeds the educational level required in their jobs)…

The last half century has seen a dramatic expansion in access to primary, secondary, and higher education in many nations around the world. Educational expansion is desirable for a country's economy, beneficial for educated individuals themselves, and is also a strategy for greater social harmony. But has greater access to education reduced or…