Article (Scientific journals)
More Necessary and Less Sufficient: An Age-Period-Cohort Approach to Overeducation in Comparative Perspective
Bar-Haim, Eyal; Chauvel, Louis; Hartung, Anne
2019In Higher Education
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Keywords :
Overeducation; Returns to education; Educational expansion; Skill-biased technological change; Age-period-cohort model
Abstract :
[en] In many countries, the skilled labor market has lagged educational expansion. As a result of increased competition, younger cohorts of the highly educated face decreasing returns to education or overeducation. Surprisingly, decreasing occupational outcomes do not coincide empirically with the economic returns among those with tertiary education. Regarding the process of changes in economic returns to education based on cohort transformations, we expect that the expansion of tertiary education affects specific cohorts, which find themselves facing more labor market competition. As a result, the economic returns to education should decrease among younger cohorts even when the overall returns to education remain stable over time. To study this process, we model economic returns with a new age-period-cohort-trended lag (APCTLAG) method, which allows us to compare the gap in economic returns between tertiary and less than tertiary education over cohorts. Using the Luxembourg Income Study (LIS), we analyze trends over three decades in 12 countries. Our results confirm that educational returns for tertiary education have declined over time, even though the gap between the educated and the less educated has remained similar in most of the countries. For younger cohorts, tertiary education has become more necessary to survive in the competitive labor market, but the actual economic returns have decreased—making tertiary education less sufficient than before.
Disciplines :
Sociology & social sciences
Author, co-author :
Bar-Haim, Eyal ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE)
Chauvel, Louis ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE)
Hartung, Anne ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE)
External co-authors :
yes
Language :
English
Title :
More Necessary and Less Sufficient: An Age-Period-Cohort Approach to Overeducation in Comparative Perspective
Publication date :
2019
Journal title :
Higher Education
ISSN :
1573-174X
Publisher :
Kluwer Academic Publishers, Netherlands
Peer reviewed :
Peer Reviewed verified by ORBi
FnR Project :
FNR9522302 - A Research Programme On Social Inequality Within The National, European And International Context, 2011 (01/06/2012-31/12/2018) - Louis Chauvel
Name of the research project :
PEARL Chair project FNR/P11/05 and of the NORFACE-DIAL project “The impact of childhood circumstances over the life-course, IMCHILD, project INTER/NORFACE/16/11333934
Funders :
FNR - Fonds National de la Recherche [LU]
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since 16 January 2019

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