... of years of repetitions, whereas degree earners end up being excluded from the labor market. This section provides some views on the assessment of the negative returns hypothesis, emphasizing the framework of educational and/or skills mismatch, as analyzed by authors such as Herrera and Merceron (2013...

... on the causes and consequences of skill mismatch in the EU-15 using data from the European Community Household Panel (ECHP) for the period 1994-2001. After presenting a short overview of the phenomenon of skill mismatch in the EU-15 economies, the analysis concentrates on the five largest EU-15 countries...