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Direct linkYaakov Gilboa – Journal of Education and Work, 2024
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…
Descriptors: Foreign Countries, Overachievement, Personnel Evaluation, Salary Wage Differentials
van de Werfhorst, Herman G. – Journal of Education and Work, 2011
A theoretical approach is formulated that connects various theories of why education has an effect on labour market outcomes with institutional settings in which such theories provide the most likely mechanism. Three groups of mechanisms are distinguished: education as an indicator of productive skills, as a positional good and as a means for…
Descriptors: Education Work Relationship, Labor Market, Role of Education, Outcomes of Education
