Education and Skills Mismatch in the Italian Graduate Labour Market
Giorgio Di Pietro () and
No 59, Royal Economic Society Annual Conference 2003 from Royal Economic Society
This paper focuses on education and skills mismatch amongst Italian graduates. Indicators for over and under-utilisation of education and under-utilisation of skills are included in a grouped data lognormal wage equation, allowing us to test a number of theories which could explain the effect of over-schooling on wages. We find little evidence to support assignment theory and also identify a relatively weak wage effect arising from educational mismatch associated with the formal requirements of a job, when compared to that associated with an employeeÕs perception of the job requirements. Our interpretation is that employers may be mis-specifying jobs as ÔgraduateÕ jobs in order to take advantage of an excess supply of graduates.
Keywords: over-education; skill under-utilisation; wages; on-the-job search (search for similar items in EconPapers)
JEL-codes: I21 J31 (search for similar items in EconPapers)
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Journal Article: Education and skills mismatch in the Italian graduate labour market (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ecj:ac2003:59
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