type="main" <p>This study considers both vertical and horizontal educational mismatches, with the former referring to overeducation and undereducation, and the latter to the mismatch between college major and job. It is found that the wage premium of the vertical educational match is greater than...</p>

This study analyzes the incidence of overeducation and undereducation and their effects on wages utilizing the data sets for the "Taiwan Social Change Survey" in 1997 and 2002. Our main conclusions are as follows. First of all, the rate of return on excess years of schooling is positive but...