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This paper uses data from the Cedefop European Skills and Jobs (ESJ) survey, a new international dataset of adult workers in 28 EU countries, to decompose the wage penalty of overeducated workers. The ESJ survey allows for integration of a rich, previously unavailable, set of factors in the...
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that firm agreements exert a stronger impact on wages than on productivity, so that profitability is hampered. However … wages beyond productivity when the rents to be shared between workers and firms are relatively big. Overall, this suggests … that firm-level agreements benefit to both employers and employees - through higher productivity and wages - without being …
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