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Education and skill mismatches:wage and job satisfaction consequences

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Purpose – This paper aims to highlight the relevance of examining education and skill job-worker
mismatches as two different, although simultaneous, phenomena of the labor market. Most previous
literature does not take into account skill mismatch, and a number of papers deal with both kinds of
mismatches as equivalent.
Design/methodology/approach – Spanish data from the European Community Household Panel
(ECHP) survey for the year 2001 are used to examine the degree of statistical association between both
education and skill mismatches, and to estimate wage equations as well as job satisfaction equations,
considering satisfaction with pay, with the type of job and overall job satisfaction, in order to analyze
the consequences of both types of mismatches from the workers’ viewpoint.
Findings – The statistical analysis shows that education and skill mismatches are weakly related in
the Spanish labor market. The econometric analysis reveals that skill mismatches appear as key
determinants of workers’ job satisfaction, while education mismatches have much weaker impacts,
if any, on workers’ job satisfaction; however, both skill and education mismatches have negative
impacts on wages.
Practical implications – The analysis points out that the research strategy that considers education
mismatch as a proxy for the study of the effects of skill mismatch is rather weak because skill and
education mismatches appear to capture different aspects of the accuracy of the job-worker pairing,
and, therefore, they have separate consequences for workers, both in monetary and non-monetary
terms. Skill mismatches are perceived by workers as a much more relevant problem than education
mismatches. The wage and job satisfaction consequences of skill mismatches are strongly negative; to
the contrary, education mismatches show much weaker effects.
Originality/value – The paper emphasizes that neglecting the effects of skill mismatch along with
those of education mismatch in the analysis of the monetary and non-monetary consequences of
inadequate job-worker pairing can lead to erroneous interpretations of the facts.

Keywords Education mismatch, Skill mismatch, Wages, Job satisfaction, Education, Skills, Pay

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Informasi Detail

Judul Seri

International Journal of Manpower

No. Panggil

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Penerbit

: Emerald Group., 2013

Deskripsi Fisik

International Journal of Manpower Vol. 34 No. 5, 2013 pp. 416-428

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

PENDIDIKAN

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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