Overeducation, earnings and job satisfaction among graduates in China

Jones, Melanie ORCID: https://orcid.org/0000-0002-0535-8090, Kaya, Ezgi ORCID: https://orcid.org/0000-0003-1909-2649 and Nan, Jiarui 2024. Overeducation, earnings and job satisfaction among graduates in China. [Discussion Paper]. IZA Discussion Paper Series, vol. 17161. IZA Institute of Labor Economics. Available at: https://docs.iza.org/dp17161.pdf

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Abstract

Exploiting rich nationally representative longitudinal data from the China Family Panel Studies this paper explores the relationship between overeducation, earnings and job satisfaction among graduates in China. We find consistent evidence, across multiple measures of overeducation, of wage and job satisfaction penalties that are not explained by personal and work-related characteristics. Despite attention within the literature, we find a modest role for differences in academic subject and, cognitive and non-cognitive skills as drivers of these penalties. In contrast, controlling for time-invariant unobserved heterogeneity reduces the size and, in many cases, removes the statistical significance of overeducation penalties, aligned to the importance of other unobserved individual heterogeneity.

Item Type:	Monograph (Discussion Paper)
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory
Uncontrolled Keywords:	overeducation, China, earnings, job satisfaction, cognitive and non-cognitive skills, unobserved heterogeneity
Publisher:	IZA Institute of Labor Economics
Date of First Compliant Deposit:	20 September 2024
Last Modified:	06 Nov 2024 09:43
URI:	https://orca.cardiff.ac.uk/id/eprint/172284

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