Authors
Date (dd-mm-yyyy)
1988
Title
Education, allocation and earnings in the Netherlands: Overschooling?
Journal
Economics of Education Review
Volume
7
Publication Year
1988
Pages
185-194
Issue number
2
Document type
Article
Faculty
Faculty of Economics and Business (FEB)
Institute
Amsterdam School of Economics Research Institute (ASE-RI)
Abstract
This paper documents the increased participation in higher education in the Netherlands and its consequences for the relation between levels of education and job levels. Undereducation has been reduced, overeducation has been increased. This does not imply private or social inefficiency, as even years of "overeducation" earn a positive rate of return. A general specification of the earnings function is derived from allocation models of the labor market. It contains the human capital specification and the job competition specification as special cases, and proves superior to both.
URL
go to publisher's site
Permalink
https://hdl.handle.net/11245/1.400413