Qualification mismatch , wages , sorting , graduates , field of study
Abstract:
Graduates from Science, Technology, Engineering, and Mathematics (STEM) are
usually found to have higher wages and a lower risk of overqualification. However,
it is unclear whether we can interpret the effect of STEM subjects on overqualification
and wages in a causal way, since individuals choosing these subjects might
differ systematically in unobserved characteristics, such as ability. Using data on
German male graduates we show that unobserved heterogeneity indeed matters for
differences in the risk of overqualification and wages when STEM graduates are
compared to the Business & Law group, while it plays only a minor role for the
difference between STEM graduates and the Social Sciences & Humanities group.
Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.
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