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  1. 1 Kozgazdasagi Szemle (Economic Review)

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  1. 1 Galasi P.

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  1. 1 2009

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RETURNS FOR OVER-EDUCATION AND UNDER-EDUCATION FOR 25 EUROPEAN COUNTRIES (A tul- es alulkepzes berhozama 25 europai orszagban)

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Galasi P.
Kozgazdasagi Szemle (Economic Review)
|
2009
|
vol. 56
|
issue 3
197-215
EN
Using the Duncan-Hoffman model, the paper estimates returns for educational mismatch using comparable micro data for 25 European countries. The aim is to gauge the extent to which the main empirical regularities shown in other papers on the subject are confirmed by this data base. Based on tests proposed by Hartog and Oosterbeek, the author also considers whether the observed empirical patterns accord with the Mincerian basic human-capital model and Thurow's job-competition model. Heckman's sample-selection estimator shows the returns to be fairly consistent with those found in the literature; the job-competition model and the Mincerian human-capital model can be rejected for most countries.
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