英文摘要 |
This paper uses the 1998-2000 and 2002-2005 waves of Factory Adjustment and Operation Surveys and Manpower Utilization Surveys to estimate the net effects of overeducation on industrial productivity. We primarily apply the dynamic system GMM estimator to control for time-invariant unobserved industry characteristics, simultaneity issues and dynamics in the adjustment process of productivity. The findings present an effect of overeducation on productivity in big-scale enterprises and for young workers. The estimates show that an additional year of overeducation among young workers increases sales per worker in big-scale enterprises by 15.72%-31.46%. |