ERIC Number: EJ1054748
Record Type: Journal
Publication Date: 2015
Abstractor: As Provided
Overeducation and Employment Mismatch: Wage Penalties for College Degrees in Business
Li, Ihsuan; Malvin, Mathew; Simonson, Robert D.
Journal of Education for Business, v90 n3 p119-125 2015
Overeducation and underemployment are of increasing national concern. Recent research estimates that 48% of workers are overeducated for their positions. The wage penalty for overeducation varies significantly across majors by gender. Using the American Community Survey (Ruggles et al., 2010), the authors examine the extent of overeducation among business-related majors. This article contributes to the literature with detailed results of the wage penalties by gender for each of the 13 business-related majors, controlling for occupational and industry classifications. Overall, the authors find the penalty for overeducation among most business-related majors to vary from 4% to 14%. Overeducated women in business-related majors, however, appear to suffer lower wage penalties compared to other majors.
Descriptors: Business Administration Education, Salary Wage Differentials, Educational Attainment, Majors (Students), Gender Differences, Classification, Skill Obsolescence, Human Capital, Outcomes of Education, Annual Reports, Data Analysis, Statistical Analysis, Regression (Statistics), Job Skills, Skill Analysis, Higher Education, Educational Benefits
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A
Grant or Contract Numbers: N/A