Skill mismatch in the Costa Rican labor market
Laura Cristina Blanco
Revista de Ciencias Económicas, 2019, vol. 37, issue 2
Skill mismatches are estimated using the National Household Survey 2011-2017, as defined by Chevalier (2003). A logit multinomial analysis is used to study the covariates of skill mismatches and wage equations are analyzed as a function of the workers’ skill mismatches and competence levels. The working adult population is found to have an underqualification level of 28.9%, while apparent and genuine overqualification levels are 13.3% and 0.8%, respectively. Results show that underqualification is associated to a wage premium of about 30%, while apparent and genuine overqualification have a 35% and 47.5% wage penalty, respectively. Graduates from tertiary institutions with an apparent overqualification level report a wage penalty of 38.9%, and it increases to 49.3% for those with a genuine overqualification level.
Keywords: SCHOOLING; HIGHER EDUCATION; HUMAN CAPITAL; MINCER EARNINGS FUNCTION; RATE OF RETURN; OCCUPATIONAL CHOICE; SKILL; OCCUPATIONAL TRAINING; EDUCACIÓN; EDUCACIÓN SUPERIOR; CAPITAL HUMANO; FUNCIONES DE INGRESO DE MINCER; TASAS DE RETORNO; DECISIÓN OCUPACIONAL; COMPETENCIAS; CAPACITACIÓN OCUPACIONAL (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rce:rvceco:38868
Access Statistics for this article
Revista de Ciencias Económicas is currently edited by Fabricio Marín Rodríguez
More articles in Revista de Ciencias Económicas from Instituto de Investigaciones en Ciencias Económicas, Universidad de Costa Rica Contact information at EDIRC.
Bibliographic data for series maintained by Luis J. Hall ().