Overscholing, onderscholing en het rendement op bedrijfsopleiding

Samenvatting

This paper examines the relation between overeducation and enterprise related schooling. If overeducation and enterprise related schooling are substitutes, the social costs of overeducation are less. We find that correctly allocated workers have the highest probability of participation in enterprise related schooling, while undereducated workers have the lowest probability of participation. There is no evidence of overeducation and enterprise related schooling being either substitutes or complements. If we do not correct for self-selection, the average return on a year of education for correctly allocated workers is higher than the average rate of return to education for under- and overeducated workers. If we correct for selfselection in the participation in enterprise related schooling the rate of return to education increases. The rates of return to under- and overeducation increase as well. If we correct for self- selection the rate of return to a year of undereducation becomes higher than the rate of return to a year of actual education. For undereducated workers the wage gain of participation in enterprise related schooling is higher than for a correctly allocated worker. A year of overeducation decreases the wage gain of participation in enterprise related schooling for participants. [ABSTRACT FROM AUTHOR]; Copyright of Mens en Maatschappij is the property of Amsterdam University Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)