Supplementary Files
Keywords
HIGHER EDUCATION
HUMAN CAPITAL
MINCER EARNINGS FUNCTION
RATE OF RETURN
OCCUPATIONAL CHOICE
SKILL
OCCUPATIONAL TRAINING
EDUCACIÓN
EDUCACIÓN SUPERIOR
CAPITAL HUMANO
FUNCIONES DE INGRESO DE MINCER
TASAS DE RETORNO
DECISIÓN OCUPACIONAL
COMPETENCIAS
CAPACITACIÓN OCUPACIONAL
How to Cite
Abstract
Skill mismatches are estimated using the National Household Survey 2011-2017, as defined by Chevalier (2003). A logit multinomial analysis is used to study the covariates of skill mismatches and wage equations are analyzed as a function of the workers’ skill mismatches and competence levels. The working adult population is found to have an underqualification level of 28.9%, while apparent and genuine overqualification levels are 13.3% and 0.8%, respectively. Results show that underqualification is associated to a wage premium of about 30%, while apparent and genuine overqualification have a 35% and 47.5% wage penalty, respectively. Graduates from tertiary institutions with an apparent overqualification level report a wage penalty of 38.9%, and it increases to 49.3% for those with a genuine overqualification level.
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