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Skill Mismatch and Returns to Education in Manufacturing: A Case of India’s Textile and Clothing Industry

dc.contributor.authorPrateek Kukreja
dc.date.accessioned2018-10-17T17:38:12Z
dc.date.available2018-10-17T17:38:12Z
dc.date.issued2018-09-30
dc.identifier.urihttp://hdl.handle.net/11540/8693
dc.description.abstractToday, as India treads the path of becoming a knowledge economy, we face a paradox of intensifying skill shortages coupled with unemployment or underemployment among highly educated workers. While a shortage of skills (or under-education) is definitely a cause of concern, surplus education (or over-education) can also lead to underutilization of skills and further lower demand for low skill workers. Given this scenario, the paper attempts to measure the incidence and extent of skill/education mismatch and analyse the economic returns/cost to over/under education in one of India’s largest labour intensive industries: Textiles and Clothing (T&C). The study is based on the 68th round of NSS Employment and Unemployment Survey estimates. Using the over-education/required education/undereducation (ORU) models on a cross section dataset of individuals employed (as a regular salaried/ wage employee or as casual wage labour) in India’s T&C industry, we find that the overall educational mismatch ratio during 2011-12 was to the tune of 67.61%. Further, results indicate that while returns to surplus education is positive, it is less in magnitude as compared to returns to required education, suggesting underutilization of excess education. There’s also a significant wage penalty associated with each deficit year of education.
dc.languageEnglish
dc.publisherIndian Council for Research on International Economic Relations
dc.titleSkill Mismatch and Returns to Education in Manufacturing: A Case of India’s Textile and Clothing Industry
dc.typeWorking Papers
dc.subject.expertQuality Education
dc.subject.expertTechnical Education
dc.subject.expertPrimary Education
dc.subject.expertEducational Systems
dc.subject.expertEducational Reforms
dc.subject.expertIndustry
dc.subject.expertElectronics Industry
dc.subject.expertCommerce and Industry
dc.subject.expertDevelopment cooperation
dc.subject.adbTraining programs
dc.subject.adbVocational training
dc.subject.adbTraining methods
dc.subject.adbEconomic growth
dc.subject.adbTraining courses
dc.subject.adbTechnological institutes
dc.subject.adbLabor market
dc.subject.adbEducational aspects
dc.subject.adbCompulsory education
dc.subject.adbEconomics of education
dc.subject.adbEducational policy
dc.subject.adbIndustrial Projects
dc.subject.adbIndustrial Products
dc.subject.adbIndustrial Policy
dc.subject.adbManufacturing Industries
dc.subject.adbIndustrial Sector
dc.subject.naturalEducational tests and measurements
dc.subject.naturalComprehensive high schools
dc.subject.naturalCollege preparation programs
dc.subject.naturalTransnational education
dc.subject.naturalCommunication in higher education
dc.subject.naturalFundamental education
dc.subject.naturalCapitalism and education
dc.subject.naturalRight to education
dc.subject.naturalEducational change
dc.subject.naturalEducational evaluation
dc.title.seriesWorking Paper
dc.title.volume364
dc.contributor.imprintIndian Council for Research on International Economic Relations
oar.themeEducation
oar.themeIndustry
oar.themeLabor Migration
oar.adminregionSouth Asia Region
oar.countryIndia
oar.identifierOAR-008271
oar.authorKukreja, Prateek
oar.importTRUE
oar.googlescholar.linkpresenttrue


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