Many people have been skeptical about the economic value of going to graduate school in Japan. However, there are few empirical studies to analyze this issue. This paper estimates the private internal rate of return to postgraduate education and assesses the postgraduate wage premium in Japan....

It is generally found that overeducated (undereducated) workers earn less (more) than their correctly placed colleagues and reported that the return to year of overeducation, though positive, is smaller than the return to year of required education. Overeducation (undereducation) refers to the...

In this paper, we analyze the negative impacts of overeducation on wages in the Japanese youth labor market. In addition, this study assesses empirically the validity of the Human Capital Theory and Job Competition Model within the context of overeducation and undereducation. Our study uses the...

The objective of this research is to empirically show how the Great East Japan Earthquake that happened on March 11th 2011 (at the end of 2010FY) affects the short-term wages of college graduates in 2010FY. Moreover, we have paid attention to the role of the quality of college education. Our...