Abstract
Using a panel data set of scientists in the US, we examine the hypothesis that workers in jobs poorly matched to their education are more likely to retire. In pooled estimates we confirm that the mismatched are more likely to retire and that among retirees, the mismatched retire at younger ages. Hazard function estimates also support the hypothesis. Workers with longer accumulated periods of mismatch are significantly more likely to retire in discrete-time duration models that account for both reasonable controls and worker heterogeneity. These findings suggest that educational mismatch and its consequences are concentrated among late career employees.
Original language | English |
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Pages (from-to) | 347-365 |
Number of pages | 19 |
Journal | Education Economics |
Volume | 25 |
Issue number | 4 |
Early online date | 26 Sept 2016 |
DOIs | |
Publication status | Published - 4 Jul 2017 |
Bibliographical note
AcknowledgementsThe authors thank the US NSF for access to the restricted data. However, the use of the NSF data does not imply NSF endorsement of the research methods or conclusions contained in this paper.
Keywords
- educational mismatch
- retirement
- scientists
- duration models
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Keith Bender
- Business School, Economics - SIRE Chair in Economics
- Business School, Centre for Labour Market Research (CeLMR)
Person: Academic