Aula Magna, Facoltà di Economia
Viale Sant'Ignazio 74 - Cagliari
Presentation of paper
Returns to schooling, overeducation and wage inequality: new evidence
Raul Ramos - AQR IREA - University of Barcelona
Recent international research shows that wage inequality is higher among more educated individuals. This has been termed as the “inequality increasing effect of education”. This result is, in fact, counterintuitive as policies aimed to increase the educational level of the population are expected to reduce earnings equality as they increases the proportion of high wage workers. A potential explanation of this result could be related to skill mismatches. A fraction of educated workers do jobs that require lower qualification levels than the ones they have, they will earn less that they causing wage differences between more educated people increases. This paper uses data from three waves of the Spanish Structure of Earnings Survey (SES) to analyze the evolution of wage inequality in Spain between 1995 and 2006, and test the potential role of overeducation to explain the observed trends.
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