Departmental Bulletin Paper THE INCOME PENALTY OF VERTICAL AND HORIZONTAL EDUCATION-JOB MISMATCHES IN THE KOREAN YOUTH LABOR MARKET: A QUANTILE REGRESSION APPROACH

KIM, HONG-KYUN  ,  AHN, SEUNG C.  ,  KIM, JIHYE

Hitotsubashi Journal of Economics
57 ( 1 )  , pp.67 - 90 , 2016-06 , Hitotsubashi University
ISSN:0018-280x
NCID:AA00207547
Description
In this paper we estimate the income effects of over-education and horizontal education-job mismatch jointly by quantile regressions using a data set of Korean college graduates. We find that over-education and horizontal mismatch are positively correlated. Thus, the income loss by over-education (horizontal mismatch) is overestimated if it is estimated ignoring horizontal mismatch (over-education). This overestimation problem is particularly prevalent for workers at low and near-median deciles of the conditional income distribution. We also find that the income penalty on over-education is prevalent for most all quantiles, whereas the income penalty on horizontal mismatch is significant for lower quantiles.
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http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/27941/1/HJeco0570100670.pdf

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