Has it gone down the drain? The influence of overeducation on the wages of young workers

What is it about?

Overeducation may negatively impact on the wage level and wage growth of young workers. We show that workers who are overeducated earn less than those who are adequately educated, even if they have the same level of education, but, when overeducated workers change employers, their wage increases are higher than those of adequately educated workers, allowing them to eliminate the initial wage penalty.

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