College Majors and Labour Market Mismatch

(co-authored with Michelle Rendall and Yi Zhang)

主讲人：Satoshi Tanaka

时间：10月13日（周四）14:00-15:30

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摘要：This paper studies the extent of labor market mismatch across college major-occupation combinations. We use administrative tax panel data merging employment history and university degree information for 10% of the Australian workforce, and estimate returns to college majors by occupation to construct our mismatch measure. Within the framework of a Roy model, we control for selection both at college major and occupation choice by taking advantage of the regional variations in labour market conditions and changing government education policies. We find sizeable mismatch penalties for working in occupations not directly linked to a field of study. Mismatch penalties consistently increase when we control for the selection. Our initial results suggest that (1) STEM related fields (IT, Commerce and Engineering) are the main drivers of labor market mismatch and (2) government education subsides lead to larger mismatch and greater persistence over the life-cycle.

主讲人介绍：Satoshi Tanaka received his PhD from the University of Minnesota in 2012, and has been working at the University of Queensland in Australia as a lecturer and senior lecturer since then. Satoshi's research interests are in macroeconomics, labor economics, and demographic economics. He has published papers on AEJ: macro, Journal of monetary Economics, and Journal of Demographic Economics.