Over-education among doctorate holders in the Korean labor market

Kihong Park, Dooseok Jang, Hazrul Izuan Shahiri

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Most prior research addressing the topic of educational mismatch focuses on university graduates, while the analysis of microdata on doctorate holders has received relatively little attention in the literature. Using Korean survey of Careers and Mobility of Doctorate Holders (KCDH), this paper attempts to examine the incidence and wage effects of over-education among the most highly educated workers (i.e., doctorate holders) in the Korean labor market. Overall, the major findings of this study confirm the findings of existing studies. The analysis reveals a worrisome situation in which a non-negligible proportion of doctorate holders face over-education associated with a significant wage penalty. Approximately 44% of doctorate holders in our sample survey consider themselves as being over-educated. The significant wage penalty (approximately 6.5 percent) exists for over-educated workers compared with their adequately-matched counterparts. From theoretical perspectives on labor market mismatch, our results confirm the validity of the assignment theory, which asserts that the returns to additional investment in human capital appear to depend in part on the quality of the assignment of heterogeneous workers to heterogeneous jobs, and thus returns to investment in education are limited by how well jobs exploit workers’ education.

Original languageEnglish
Pages (from-to)32-45
Number of pages14
JournalAsia-Pacific Social Science Review
Volume18
Issue number1
Publication statusPublished - 1 Jan 2018

Fingerprint

wage
labor market
mismatch
worker
penalty
workers' education
investment in education
education
human capital
incidence
career
Labour market
Overeducation
Doctorate
Education
Labour Market
Workers
Wages
Penalty
Assignment

Keywords

  • Assignment theory
  • Doctorate holders
  • Korea
  • Over-education
  • Wages

ASJC Scopus subject areas

  • History
  • Sociology and Political Science
  • Economics and Econometrics
  • Political Science and International Relations

Cite this

Over-education among doctorate holders in the Korean labor market. / Park, Kihong; Jang, Dooseok; Shahiri, Hazrul Izuan.

In: Asia-Pacific Social Science Review, Vol. 18, No. 1, 01.01.2018, p. 32-45.

Research output: Contribution to journalArticle

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