What is it about?

There has been a lot of research recently about the mismatch between the skills and education of workers and the skills and education required in jobs - sometimes know as 'educational mismatch' or 'overeducation'. While most empirical studies examine the determinants and effects of such mismatch at any particular point in a worker's career, we are one of the first studies to focus on mismatch at the end of the career. Using a unique dataset of highly educated workers in the US, we find that those who experience mismatch are more likely to retire and retire at younger ages.

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Why is it important?

Understanding the dynamics of the labor market is central to understanding the efficiency of labor market behavior. This paper is among the first to examine mismatch at the end of the career, attempting to understand what are the determinants and effects of mismatch as workers near retirement.

Perspectives

This is the first paper to systemmatically examine whether educational mismatch (that is, how jobs are related to education) affects retirement behaviour. It furthermore examines the reasons for mismatch and examines whether these reasons have differentiated impacts on retirement.

Professor Keith A Bender
University of Aberdeen

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This page is a summary of: Educational mismatch and retirement, Education Economics, September 2016, Taylor & Francis, DOI: 10.1080/09645292.2016.1234586.
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