PL EN


2004 | 51 | 5 | 449-471
Article title

Over-education, under-education and wage premiums on the Hungarian labour market, 1994-2002

Authors
Title variants
Languages of publication
HU
Abstracts
EN
The paper looks at the impact of over-education and under-education on earnings in Hungary over the period 1994-2002, using a large set of cross-section data representative of employees. Schooling was measured in years of education, while required education was proxied by modal years of education in occupations, and the difference between employees' observed education and the modal education of their occupation allowed them to be classified as under-educated, over-educated or educated as required. The standard results were gained. 1. An extra year of required education and over-education yields positive and an extra year of under-education negative wage premiums. 2. The economic return on required education is higher than on over-education. 3. The penalty for under-education is smaller than the return on required education. Rising demand for educated workers and increases in higher-education supply were seen over the period. Initially, supply seems to have been rather inelastic, which brought rising wage premiums for the over-educated. Then it gained elasticity, leading to higher economic returns on required education. The proportion of over-ucated workers increased from 11 per cent in 1994 to 24 per cent in 2002.
Year
Volume
51
Issue
5
Pages
449-471
Physical description
Document type
ARTICLE
Contributors
author
  • P. Galasi, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06HUAAAA00651643
YADDA identifier
bwmeta1.element.b1bcb0e6-1de5-3c21-9661-a8edcd57e2d8
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.