Impact of Earnings and Self-Employment Opportunities on Overeducation: Evidence from Occupations in the United States Labor Market 2002-2016

Autor/inn/en	Kamis, Arnold; Habibi, Nader
Titel	Impact of Earnings and Self-Employment Opportunities on Overeducation: Evidence from Occupations in the United States Labor Market 2002-2016
Quelle	In: Journal of Education and Work, 35 (2022) 5, S.540-558 (19 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Kamis, Arnold) ORCID (Habibi, Nader)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1363-9080
DOI	10.1080/13639080.2022.2092605
Schlagwörter	Self Employment; Educational Attainment; Occupations; College Graduates; Masters Degrees; Doctoral Degrees; Bachelors Degrees; Employment Qualifications; Income; Correlation; Wages; Labor Market; Education Work Relationship + Suchen Sie Ihr Suchwort? Self-employment; Selbstbestimmte Arbeit; Selbstständiger; Bildungsabschluss; Bildungsgut; Beruf; Berufsumfeld; Hochschulabsolvent; Hochschulabsolventin; Doctoral degree; Doktorgrad; 'Bachelor''s degrees'; Bachelor-Studiengang; Employment qualification; Vocational qualification; Vocational qualifications; Berufliche Qualifikation; Einkommen; Korrelation; Wage; Löhne; Labour market; Arbeitsmarkt
Abstract	This is an applied econometric analysis of labour market data for the United States. We study the impact of several factors on overflow of overeducated employees into various job categories. We use panel data regression analysis with fixed and random effects. We also use data visualisation to investigate the overeducation trends during 2002-2016 for various occupation categories. Our dataset consists of seven sets of annual data for 704 occupations. We investigate this phenomenon at two levels: 1) overflow of university graduates into occupations that do not require a university degree, and 2) overflow of Masters and PhD degree holders into occupations that require a bachelor's degree or less. We observe that the overeducation has increased in most occupations and it causes a crowding out effect; an adequately educated worker might be outcompeted by an overeducated worker. While the income premium of a university education has decreased over time, the income advantage of university education over a high school degree has persisted. Furthermore, our regression analysis has shown that the overeducation ratio has a positive correlation with the median earnings of an occupation and its opportunities for self-employment. The results hold for both college graduates and holders of graduate degrees. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01