It is often suggested in policy debates that the employment of
highly educated workers in jobs traditionally held by lower skilled
workers leads to skill wastage and a worsening labour market
position for the less educated. This process is generally referred
to as 'bumping down' or 'crowding out'. This argument challenges
the policy of many developed countries to attach ever greater
importance to knowledge as a means to increase international
competitiveness. The authors in this book provide insights into the
role of education in society by investigating the extent to which
these arguments of overeducation and upgrading are valid. They
bring together different approaches to obtain a complete picture of
the debate in economics about under-utilization of skills and
bumping down.
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