How Biased are the Estimated Wage Impacts of Overeducation? A Propensity Score Matching Approach

No 7, Working Papers ERINI from Economic Research Institute of Northern Ireland

Abstract: This paper uses Propensity Score Matching (PSM) techniques to assess the extent to which the costs of overeducation are likely to have been over-estimated as a result of unobserved heterogeneity in studies adopting the standard OLS wage equation framework. It was found that the PSM estimates were very much in line with those generated by OLS suggesting that the overeducation phenomenon is likely to be incurring real and significant wage and productivity costs on both effected individuals and the economy more generally.

Keywords: OVEREDUCATION; PROPENSITY SCORE MATCHING (search for similar items in EconPapers)
Date: Written 2005-10
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http://www.erini.ac.uk/act_download.cfm/publication_key/2099/ (application/pdf)

Related works:
Journal Article: How biased are the estimated wage impacts of overeducation? A propensity score matching approach (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:eri:wperin:7

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