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

We utilise HILDA data over the period 2001-2005 to evaluate the performance of second generation Greek-Australians and Italian-Australians in the labour market. We focus on the effect of overeducation, undereducation, languages-other-than-English (LOTE), and ethnicity on weekly earnings of...

In the light of repeated rejections of the Hall (1978) version of the life cycle-permanent income hypothesis and other empirical puzzles, the habit formation hypothesis has increased in popularity since the 1980s. However, existing formulations of habit persistence do not always perform well...

This paper develops a new latent index of human capital identified as valuable skills for seventy countries for the period 1970-2003. The index is compared to existing measures of human capital in assessing the Benhabib and Spiegel (2005) model of logistic technology diffusion. The study...