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2020-06-27 - Colloque/Présentation - communication orale - Anglais - 3 page(s)

Waroquier Alexandre , Vermeylen Guillaume , "Overeducation as Hiring Policy: Useful for Productivity?" in EALE SOLE AASLE World Conference 2020, Berlin, Allemagne, 2020

  • Codes CREF : Economie (DI4300), Economie du travail et de la population (DI4353), Econométrie et méthodes statistiques : théorie et applications (DI4316), Gestion des ressources humaines (DI4366), Economie européenne (DI4343)
  • Unités de recherche UMONS : Analyse économique du travail (W718), Finances publiques et Fiscalité (W765)
  • Instituts UMONS : Institut de Recherche en Développement Humain et des Organisations (HumanOrg)
  • Centres UMONS : Economie Appliquée (CREA)

Abstract(s) :

(Anglais) We provide first evidence regarding the direct effect of a hiring policy oriented through higher (over) education on firm productivity. Moreover, we put light on the moderating role of the working environment of the firm, qualified as (i) high-tech/knowledge intensive and (ii) knowledge intensive activities. Using a detailed Belgian firm panel data, and computing a measure of high-education hiring policy robust to sectorial bias, we show that firms that decide to increase their hiring standards with a higher risk to hire overeducated workers are found to be more productive than others which follow the hiring norms in terms of educational levels. Concerning the role of the technological environment, we show that high-tech firms may take advantage of additional skills provided by highly educated workers to a bigger extent, the such hiring policy leading to even higher productivity improvements. Unlike much of the earlier literature (still essentially focused on workers’ wages, job satisfaction and related attitudes and behaviours), our econometric estimates are based on direct measures of productivity. They are also robust to a range of measurement issues, such as time-invariant labour heterogeneity and firm characteristics.