{"title":"Overeducation and economic mobility","authors":"","doi":"10.1016/j.econedurev.2024.102595","DOIUrl":null,"url":null,"abstract":"<div><p>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:</p><p>• The educational earnings premium has risen, but only through the extensive (employment) margin.</p><p>• The rising earnings premium is associated with completed degrees only. When educational attainment is measured as time actually invested, the premium has declined.</p><p>• 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.</p><p>• There is a steep positive social gradient in overeducation: Overeducation is more frequent and has risen faster among offspring in upper-class families.</p><p>• 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.</p></div>","PeriodicalId":48261,"journal":{"name":"Economics of Education Review","volume":null,"pages":null},"PeriodicalIF":1.8000,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics of Education Review","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S027277572400089X","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
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.
期刊介绍：
Economics of Education Review publishes research on education policy and finance, human capital production and acquisition, and the returns to human capital. We accept empirical, methodological and theoretical contributions, but the main focus of Economics of Education Review is on applied studies that employ micro data and clear identification strategies. Our goal is to publish innovative, cutting-edge research on the economics of education that is of interest to academics, policymakers and the public. Starting with papers submitted March 1, 2014, the review process for articles submitted to the Economics of Education Review will no longer be double blind. Authors are requested to include a title page with authors'' names and affiliation. Reviewers will continue to be anonymous.
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