In this paper, we review what we know about the effects of over- and undereducation on earnings outcomes. We then discuss the role of training in modifying these outcomes. Finally, we draw some lessons for public policy from our findings

This paper utilises Australian data to evaluate the effect of firm-provided job training on labour income. It also examines whether training can shed light on the effects of skill-job mismatch. We employ a trivariate model to account for firm selection bias in training and worker selection in...