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schlicht_overqualification-DP.pdf

🔗 Source: epub.ub.uni-muenchen.de

📊 Size: 599 KB

📄 Pages: 26 pages

⬇️ Downloads: 48

Summary

The expansion of higher education in Western countries has led to a widening of wage differentials and increasing overqualification, with the latter suggesting that advanced skills are in excess supply, contradicting the explanation that skill-biased technological change made advanced skills scarce. A simple model of "Reder competition" is presented, which reproduces the simultaneous increase in wage differentials and overqualification in response to an increase in education, and is used to explain this phenomenon in terms of factors such as labor heterogeneity, skill latitude, labor mobility, and non-labor costs.

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Description

The expansion of higher education in Western countries has led to a widening of wage differentials and increasing overqualification, with the latter suggesting...

Technical Information

File Format: PDF
File Size: 599 KB
Pages: 26
Language: EN
Total Downloads: 48
Last Updated: 1 week ago

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