Desajuste educativo y competencias cognitivas: efectos sobre los salarios

This paper aims to analyze the returns to education and educational mismatch in Spain taking account not only of years of education but also of basic skills that workers have actually acquired. Using PIAAC database, the results indicate that both years of education and skills contribute to determine...

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Bibliographic Details
Published inHacienda pública española no. 210; p. 85
Main Authors Romero, Lucía Mateos, Huertas, Inés P Murillo, Jiménez, Ma Del Mar Salinas
Format Magazine Article
LanguageEnglish
Spanish
Published Madrid Instituto de Estudios Fiscales, Ministerio de Hacienda y Administraciones Publicas 01.07.2014
Subjects
Education
Educational attainment
Labor economics
Labor market
Rates of return
Skill development
Studies
Wage differential
Spain
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Summary:This paper aims to analyze the returns to education and educational mismatch in Spain taking account not only of years of education but also of basic skills that workers have actually acquired. Using PIAAC database, the results indicate that both years of education and skills contribute to determine wages, with higher returns to years of education as the level of skills increases. It is also found that returns to years of educational mismatch vary depending on the skills acquired by workers, with a higher premium (penalty) to years of over- (under-) education among workers with higher (lower) levels of skills. Finally, we note that educational mismatch and skills mismatch are two different phenomena in the Spanish labor market, with educational mismatch lying behind the existing wage gap between workers who hold a similar job.
ISSN:0210-1173
2386-4176