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Careers and Mismatch for College Graduates: College and Noncollege Jobs

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  • Andrew Agopsowicz
  • Chris Robinson
  • Ralph Stinebrickner
  • Todd Stinebrickner

Abstract

A large literature studies the wage consequences of “overeducation” in the sense of a worker, by some measure, having a higher level of education than is required for the job. We use unique new data to reexamine the common interpretation that initial overeducation represents a harmful type of mismatch that arises due to information-induced frictions. We contrast this with the alternative that college graduates are heterogeneous with respect to their human capital and that the labor market is appropriately allocating them to jobs, even when many are observed starting in jobs that do not require a college degree.

Suggested Citation

  • Andrew Agopsowicz & Chris Robinson & Ralph Stinebrickner & Todd Stinebrickner, 2020. "Careers and Mismatch for College Graduates: College and Noncollege Jobs," Journal of Human Resources, University of Wisconsin Press, vol. 55(4), pages 1194-1221.
    • Handle: RePEc:uwp:jhriss:v:55:y:2020:i:4:p:1194-1221
    Note: DOI: 10.3368/jhr.55.4.0517-8782R1
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    4. Pamela Giustinelli, 2022. "Expectations in Education: Framework, Elicitation, and Evidence," Working Papers 2022-026, Human Capital and Economic Opportunity Working Group.
    5. Hugh Cassidy & Amanda Gaulke, 2024. "The increasing penalty to occupation‐education mismatch," Economic Inquiry, Western Economic Association International, vol. 62(2), pages 607-632, April.
    6. Grönqvist, Erik & Hensvik, Lena & Thoresson, Anna, 2020. "Teacher career opportunities and school quality," Working Paper Series 2020:2, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    7. David Boto-García & Marta Escalonilla, 2022. "University education, mismatched jobs: are there gender differences in the drivers of overeducation?," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 39(3), pages 861-902, October.
    8. Navarini, Lorenzo & Verhaest, Dieter, 2024. "Returns to Education and Overeducation Risk: A Dynamic Model," GLO Discussion Paper Series 1456, Global Labor Organization (GLO).
    9. Domnisoru, Ciprian, 2023. "The G.I. Bill and Underemployment," IZA Discussion Papers 16444, Institute of Labor Economics (IZA).

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    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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