Overeducation and economic mobility |
| Forfattere: Markussen, Simen, Maria Nareklishvili, Knut Røed |
| Publisert: 2024 |
| Sammendrag: We assess the hypothesis that declining intergenerational economic mobility in Norway is attributable to a rising signaling value of education accompanied by more overeducation particularly among upper-class offspring. We identify five empirical facts that together point in this direction: • The educational earnings premium has risen, but only through the extensive (employment) margin. • The rising earnings premium is associated with completed degrees only. When educational attainment is measured as time actually invested, the premium has declined. • Both educational attainment and the labor market’s skill-requirements (as predicted by the occupational distribution) have increased, but attainment has risen faster than requirements such that the incidence of overeducation has increased. • There is a steep positive social gradient in overeducation: Overeducation is more frequent and has risen faster among offspring in upper-class families. • There is a steep negative social gradient in non-employment: Non-employment is more frequent and has risen faster among offspring in lower-class families. |
| DOI: 10.1016/j.econedurev.2024.102595 |
| Referanse: Economics of Education Review , vol 103, 102595 |
| JEL Codes: I21; I26; J24; J62 |
| Keywords: Overeducation; Intergenerational mobility; Returns to education; Signaling |
| Les fulltekstversjonen av artikkelen |
| Utdanning Sosial mobilitet |
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