Overeducation, Job Competition and Unemployment

Muysken, Joan and ter Weel, Bas (1999). Overeducation, Job Competition and Unemployment. UNU-MERIT Research Memoranda. UNU-MERIT.

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  • Sub-type Working paper
    Author Muysken, Joan
    ter Weel, Bas
    Title Overeducation, Job Competition and Unemployment
    Series Title UNU-MERIT Research Memoranda
    Volume/Issue No. 32
    Publication Date 1999
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 30
    Language eng
    Abstract The changing wage and employment structure in some OECD countries has beenattributed to increased levels of education and technical change in favour of skilledworkers. However, in the Netherlands and some other OECD countries the wages ofskilled workers did not rise, whereas investment in skills rose dramatically. This paperoffers a theory which is able to explain the dramatic increase in the level of education andskills without rising wages since the early 1980s. In this respect, we integrate the sumeritpplyside framework (human capital investments) and the demand side (containingendogenous skill upgrading as a result of job competition and screening) in a generalequilibrium model. In this way we provide a theory for the empirical observation ofrising unemployment levels among unskilled workers and rising employment levels ofskilled workers with relatively stable wages.
    Copyright Holder UNU-MERIT
    Copyright Year 1999
    Copyright type All rights reserved
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    Created: Fri, 13 Dec 2013, 13:01:45 JST