The returns to schooling are estimated for 28 European and Central Asian countries using the Mincerian function. Our results show that while the public sector pays on average more than the private sector, the effect of education on earnings is stronger in the private sector. However, the returns...

Greece experienced a devastating civil war in 1946-1949. This led to many deaths, economic losses, and severe reductions in schooling expenditures and attendance. Using an instrumental variables approach, we estimate the 1977 returns to schooling, showing that for those affected by the civil...

Overeducated workers are more productive and have higher wages in comparison to their adequately educated coworkers in the same jobs. However, they face a series of challenges in the labor market, including lower wages in comparison to their similarly educated peers who are in correctly matched...

The phenomenon of overqualification is becoming increasingly common across many countries. In this research study, the main objective is to examine factors that determine overqualification, the impact of overqualification on wages, and the earning differences between genders in the case of...