Educational mismatches versus skill mismatches: effects on wages, job satisfaction, and on-the-job search

Education-job mismatches are reported to have serious effectson wages and other labour market outcomes. Such results areoften cited in support of assignment theory, but can also beexplained by institutional and human capital models. To testthe assignment explanation, we examine the relation betweeneducational mismatches and skill mismatches. In line with earlierresearch, educational mismatches affect wages strongly. Contraryto the assumptions of assignment theory, this effect is notexplained by skill mismatches. Conversely, skill mismatchesare much better predictors of job satisfaction and on-the-jobsearch than are educational mismatches.     

Public Finance in the Euro Zone—In a Difficult Situation

Original Papers

Public Finance in the Euro Zone—In a Difficult Situation     

Compensation vs. benefits: who gets paid more? A new survey analysis reveals the answer and possible causes

There is a discrepancy in pay between benefits and compensation professionals. These authors report on the results of a survey that measured the discrepancy and suggest possible reasons for the difference. They observe that, if benefits professionals are to reach pay equity with their compensation counterparts, they may need to play a strong role in helping organizations recognize the importance of benefits as a component of total reward strategy.