Measurement of Individuals' Overeducation in the Labour Market of Turkey: Bivariate Probit Model Application


Kantarmaci S., Demiroglari S., Erk H., ÜÇDOĞRUK BİRECİKLİ Ş.

SOSYOEKONOMI, vol.29, no.48, pp.271-292, 2021 (ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 29 Issue: 48
  • Publication Date: 2021
  • Doi Number: 10.17233/sosyoekonomi.2021.02.14
  • Journal Name: SOSYOEKONOMI
  • Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Page Numbers: pp.271-292
  • Keywords: Overeducation, Probit Model, Heckman's Two-Stage Selection Model, OVER-EDUCATION, EARNINGS, MISMATCH, IMPACT
  • Dokuz Eylül University Affiliated: Yes

Abstract

The present study aims to empirically investigate the overeducation phenomenon within the context of the Turkish labour market. For this purpose, data belonging to the working population aged 15-65 are extracted from the Turkish household workforce survey results covering the period of 2014-2018. Analyses were conducted based on a two-state probit model. Heckman' s (1979) two-stage probit selection model was used to consider unobservable factors affecting the decision to participate in the labour market and the overeducation status. The findings indicate that while experience harms overeducation, an increase in the education level has a positive effect on overeducation. The study concludes with policy recommendations.