criteria can ration visas on one or more characteristics that enhance labor market earnings (e.g., education), or on … immigrants to be favorably selected, although this is less intense under the later criteria. The overall favorable selectivity of … immigrants, therefore, depends on the favorable selectivity of the supply of immigrants and the criteria used to ration …

international literature on the measured incidence of educational mismatch and its earnings effects. We use a rich Australian … rate of over-education is 32.3%. The earnings penalty for each year of over-education is 2.5%, which is larger than 0.6% in …

We analyze the impact on a firm's profits and optimal wage rates, and on the distribution of workers' earnings, when … workers compare their earnings with those of co-workers. We consider a low-productivity worker who receives lower wage … earnings than a high-productivity worker. When the low-productivity worker derives (dis)utility not only from his own effort …

. This 'Composition bias' arising from self-selection into employment is generally ignored in the returns to schooling … education in Britain. The results from the paper suggest that individuals undertaking schooling involving some sort of formal … qualification have significantly larger rates of return than individuals who complete the same number of years of schooling but who …

This paper examines whether the results of the earnings equation developed in the overeducation/required eduation …, by level of skill, and by occupation. While point estimates differ, particularly when earnings equations are estimated …, the answers provided to the typical research questions in the ORU literature on the utilization of schooling are …