Chapter Educational mismatch and productivity: evidence from LEED data on Italian firms
This study aims at evaluating the impact of educational mismatch onto firm-level productivity for a large set of Italian firms. In particular, over (under)-education refers to situations where individual's educational attainment is higher (lower) than the education required by the job, thereby...
| Format: | eBook |
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| Language: | English |
| Published: |
Florence
Firenze University Press, Genova University Press
2023
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| Series: | Proceedings e report
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| Subjects: | |
| Online Access: | Open Access: DOAB: description of the publication Open Access: DOAB, download the publication |
| Summary: | This study aims at evaluating the impact of educational mismatch onto firm-level productivity for a large set of Italian firms. In particular, over (under)-education refers to situations where individual's educational attainment is higher (lower) than the education required by the job, thereby producing a surplus (deficit) of education. Based on the integration of the LEED (Linked Employer Employee Database) Istat Statistical Register Asia Occupazione - which provides information on workers' age, professional qualification and educational attainment - and the Istat Frame-SBS Register, we perform an analysis in the spirit of the ORU (Over, Required and Under Education) model proposed by Kampelmann e Rycx (2012). The dataset is based on a large panel of over 55,000 manufacturing and services firms with more than 20 employees, covering the 2014-2019 period. The empirical strategy is based on a two-step procedure: first, ORU indicators are computed at the worker-level; second, we estimate a firm-level productivity (value added per employee) function where the key variables of interest are the ORU indicators collapsed at the firm-level, taking into account both firm and workers characteristics. The productivity function is estimated by GMM-system by Arellano and Bond (1995) e Blundell and Bond (1988). Main results point out that over/under-education affects productivity growth in both manufacturing and services firms: firm's productivity rises following a one unit increase in mean years of over-education - with spiking results for medium and high-tech manufacturing firms -, whereas a growth in under-education hampers productivity dynamics in high and medium-high tech manufacturing and knowledge-intensive services firms. |
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| Physical Description: | 1 online resource (6 p.) |
| ISBN: | 979-12-215-0106-3.52 9791221501063 |
| Access: | Open Access |