Labor Mismatches: Effects on Wages and on Job Satisfaction in 17 OECD Countries
Lucía Mateos-Romero () and
María del Mar Salinas-Jiménez ()
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Lucía Mateos-Romero: Universidad de Extremadura
María del Mar Salinas-Jiménez: Universidad de Extremadura
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2018, vol. 140, issue 1, 369-391
Abstract This study analyzes the effects of labor mismatches on wages and on job satisfaction in seventeen OECD countries by distinguishing between educational mismatch and skills mismatch. Using data from PIAAC, the results suggest that whereas educational mismatch shows greater effects on wages, the effects of labor mismatch on job satisfaction are generally better explained by skills mismatches. Both phenomena appear to be relevant for understanding the economic effects of labor mismatch and suggest that educational mismatch is not an accurate proxy for skills mismatch, mainly when the non-monetary effects of labor mismatch are addressed.
Keywords: Educational mismatch; Skills mismatch; Wages determination; Job satisfaction (search for similar items in EconPapers)
JEL-codes: I21 J23 (search for similar items in EconPapers)
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