TITLE:
Tertiary Education and Monetary Rewards in Greece: Overeducation Ahead?
AUTHORS:
Theocharoula Magoula
KEYWORDS:
Tertiary (Higher) Education, Overeducation, Human Capital Theory, Mincer Equation, Screening (Filter) Hypothesis (Strong Version, Weak Version), Rates of Return on Education
JOURNAL NAME:
Theoretical Economics Letters,
Vol.14 No.6,
November
14,
2024
ABSTRACT: The rapid increase in the number of tertiary graduates and the persistence of high unemployment rates in Greece have created the need to investigate phenomenon of overeducation. The study of the phenomenon of overeducation was conducted according to the Human Capital Theory and concretely by applying the Screening (Filter) hypothesis in both its weak and strong version. The findings of the research were derived from the analysis of data from 6196 private households across the Greek territory, collected by the Hellenic Statistical Authority. According to the research results, the phenomenon of overeducation is not observed among male graduates, but only among female graduates. The contribution of this article focuses on the findings concerning the existence of overeducation in Greece, as well as the proposed indicative policies to address it.