Educational Mismatch and Wages in the Hospitality Sector

2005 ◽  
Vol 11 (1) ◽  
pp. 103-117 ◽  
Author(s):  
Andrés J. Marchante ◽  
Bienvenido Ortega ◽  
Ricardo Pagán
Keyword(s):  
Human Capital ◽  
Vocational Education ◽  
Cross Section ◽  
Wage Premium ◽  
Computer Skills ◽  
Educational Mismatch ◽  
Hospitality Sector ◽  
Wage Earners ◽  
The Impact

The authors estimate the impact on wages of educational mismatch and other components of workers' human capital for a cross-section of 3,314 wage earners in 181 hotels and 121 restaurants in Andalusia. The estimated results show that there is a positive wage premium to over-education in the sector, but also that particular types of education – specific vocational education, languages and computer skills – reap rewards for workers in the marketplace.

English Language and Skill Mismatch: The Case of South Korea.

2013 ◽  
Vol 12 (4) ◽  
pp. 391-414 ◽  
Author(s):  
Kihong Park
Keyword(s):  
Language Proficiency ◽  
English Language ◽  
Wage Premium ◽  
Wage Penalty ◽  
Educational Mismatch ◽  
Skill Utilization ◽  
Returns To Investment ◽  
The Impact ◽  
Job Mismatch

Abstract Most prior research addressing the topic of job mismatch focuses on educational mismatch, while the economic analysis of skills-job mismatch in terms of skill utilization has received relatively little attention in the literature. Using the 2007 Korea Labor and Income Panel Survey (KLIPS), this paper examines the impact on wages of skills-job mismatch between acquired and required English language proficiency in the Korean workplace. The major findings confirm the validity of the assignment theory proposed by Sattinger (1993), which asserts that the returns to additional investment in human capital appear to depend in part on the quality of the assignment of heterogeneous workers to heterogeneous jobs, and thus returns to investment in skills are limited by how well jobs exploit workers’ skills. Specifically, the results are first, that skills-job mismatch based on English language job requirements has a strong statistically significant impact on wages, second, that the returns to over-skilling are negative (the wage penalty), while the returns to under-skilling are positive (the wage premium), and third, that the wage penalty associated with over-skilling is stronger than the wage premium associated with under-skilling.

Analysis on the Spatial Effect of Talent Supply of Vocational Education and Economic Growth of Tobacco Industry from the Perspective of Human Capital

2021 ◽  
Vol 7 (6) ◽  
pp. 5161-5171
Author(s):  
Wei Wang ◽  
Yanan Yang ◽  
Ping Li
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Theoretical Model ◽  
Vocational Education ◽  
Tobacco Industry ◽  
Spatial Interaction ◽  
Regional Distribution ◽  
Spatial Panel ◽  
Lifetime Number ◽  
The Impact

Objectives: Human capital plays an important role in the economic growth of tobacco industry. Education is the direct way to form human capital. At the same time, vocational education is a part of the education system. Vocational education is mainly to cultivate skilled human capital. From the perspective of human capital, this paper studies the impact of talent supply of vocational education on tobacco economic growth. A combination of qualitative and quantitative analysis was used. This paper analyzes the current situation of talent supply of vocational education and tobacco economy in China. It also analyzes the correlation between talent supply of vocational education and tobacco economy. Based on the theoretical model of human capital economic growth. Establish the theoretical model of talent supply in vocational education and tobacco economic growth. Comprehensively consider the spatial interaction of economic growth. Using the spatial panel econometric model, this paper makes an empirical analysis on 29 provinces and cities in China. Use Geoda, MATLAB and other software for empirical calculation. The results show that the supply of vocational education talents and the growth of tobacco economy are on the rise. However, the regional distribution is uneven. And vocational education is positively correlated with tobacco economic growth. The empirical results show that the regional tobacco economic growth in China has negative spatial auto-correlation. Employment, lifetime number of vocational education and human capital level in the tobacco industry significantly promote the economic growth of the tobacco industry. The results provide a reference for the regulation of China's tobacco industry.

scholarly journals Surviving Strategy of Hospitality Sector in Pandemic Situation

2021 ◽  
pp. 77
Author(s):  
Edvi Gracia Ardani ◽  
Anton Harianto
Keyword(s):  
Human Capital ◽  
Tourism Industry ◽  
Grocery Stores ◽  
Theory Approach ◽  
Strategic Issues ◽  
The World ◽  
Food And Beverage ◽  
Huge Impact ◽  
Hospitality Sector ◽  
The Impact

Crisis in 2020 is the impact of unexpected Covid-19 spreading all around the world in which period all social and economic aspects are forced to slowing down or even temporarily stopped. In almost all countries in the world, only few sectors are allowed to run the business normally. The sectors are mainly business offering basic needs such as grocery stores, certain food and beverage, and medical. The phenomena attack blatantly hospitality sectors and it must be faced by the stakeholders of the industry. In Indonesia, hospitality industry does suffer. The human centric characteristic of the industry requires interactions between people. Human interactions are well explained as the core activities in tourism industry in the old normal while it is to be avoided during the new normal of Covid-19. Business owners and managers fight against the condition which finally pushed them hardly to unfortunate decisions for the human capital of the industry and for many other strategic issues. The crisis is present and brings a huge impact to the hospitality sector that includes hotel and restaurant business. This study is to describe the picture of how this sector in Jakarta area overcomes the pandemic situation and until what extent the management is capable to handle. A qualitative research is conducted with narrative approach, by empathising to the human capital in the sector using grounded theory approach. Challenges are encountered by the hospitality practitioners and each one of them are trying to survive with their own way.

scholarly journals Spatial Analysis Of Human Capital Structures

2014 ◽  
Vol 17 (4) ◽  
pp. 43-54 ◽  
Author(s):  
Artur Gajdos
Keyword(s):  
Human Capital ◽  
Labour Market ◽  
Cross Section ◽  
Labour Force ◽  
Labour Productivity ◽  
Occupational Structure ◽  
Level Of Education ◽  
Depth Analysis ◽  
Data Source ◽  
The Impact

The main purpose of this paper is to analyse the interdependence between labour productivity and the occupational structure of human capital in a spatial cross-section. Research indicates (see Fischer 2009) the possibility to assess the impact of the quality of human capital (measured by means of the level of education) on labour productivity in a spatial cross-section. This study attempts to thoroughly analyse the issue, assuming that apart from the level of education, the course of education (occupation) can also be a significant factor determining labour productivity in a spatial cross-section. The data used in this paper concerning labour force structure in major occupational groups in a regional cross-section comes from a Labour Force Survey. The data source specificity enables the assessment of labour force occupational specialisation at the regional level and the estimation of this specialisation at the subregional or county level. An in-depth analysis of the occupational structure of the labour market in a spatial cross-section is an important theoretical and practical area of study necessary for the development of effective labour market policies and the education system.

scholarly journals Educational Mismatch And Returns On Human Capital In The Spanish Hospitality And Travel Agency Sectors

2012 ◽  
Vol 11 (13) ◽  
pp. 1477
Author(s):  
Alejandro Garcia-Pozo ◽  
Jose Luis Sanchez-Ollero ◽  
Andres Marchante-Mera
Keyword(s):  
Human Capital ◽  
Personal Characteristics ◽  
Wage Structure ◽  
Travel Agency ◽  
Hourly Wage ◽  
Educational Mismatch ◽  
Wage Formation ◽  
Education Group ◽  
Using Data ◽  
The Impact

This paper investigates the importance of returns on human capital and educational mismatch in determining wages in the Spanish hospitality sector and the travel agency sector using an expanded version of the Mincer wage equation (1974). In addition, we analyze the impact of several job characteristics and personal characteristics on wages. Using data from the 2006 Spanish Wage Structure Survey, we estimate separate regressions for each education group under analysis: overeducated, undereducated and adequately educated workers, following the method used by Kiker et al. (1997) and using a procedure similar to that used by Strauss and Maisonneuve (2007). The regressions show specific estimated parameters of the variables included in all wage equations implemented for each analyzed group. Thus, educational mismatch is determinant for the returns on human capital in both sectors and it also has a significant and differential impact on wage formation in each educational group. Moreover, this fact has also been shown in the other variables of the model that represent both the personal characteristics of workers and job-specific characteristics. Therefore, according to the methodology used in our study, the real hourly wage may be quantitatively influenced by the variables in a model depending on whether the educational level of the workers matches the educational requirements of the job performed. Finally, it is important to note that evidence has been found regarding the impact of firm size on wage returns and the data also has provided evidence of wage differentials by gender in the Spanish hospitality industry.

scholarly journals Influence of Higher and Vocational Education on the Economic Development of the KhMAO-Yugra Region

2021 ◽  
Vol 17 (2) ◽  
pp. 445-459
Author(s):  
Tatiana D. Karminskaya ◽  
Vadim F. Islamutdinov
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Vocational Education ◽  
Education System ◽  
Positive Impact ◽  
Structural Factors ◽  
Statistical Research ◽  
Development Indicators ◽  
Institutional Traps ◽  
The Impact

The Khanty-Mansi Autonomous Okrug — Yugra (KhMAO-Yugra) is classifie d a s on e o f Russia’ s norther n resource- extracting regions, the contribution of human capital to whose gross regional product (GRP) is typically negligible. In this context, the study investigated the impact of higher and vocational education on the development of the region’s economy. The objective of the research was to identify the direction and influence of human capital — in particular, higher and vocational education — on the economic development of KhMAO-Yugra. Despite the resource-extracting character of this region’s economy, its development can still be influenced by the quality of its human capital, as well as by institutional traps in the higher and vocational education system. Economic-statistical research methods — including multiple correlation and regression analysis — were used in combination with an abstract-logical approach. Along with an examination of the regional higher and vocational education system, the influence of its dynamic and structural factors on socio-economic development indicators is revealed. Predictions of GRP and average monthly salaries in KhMAO-Yugra until 2030 are offered. Institutional traps inherent in the region’s current higher and vocational education system are described. Factors identified as having the most significant positive impact include the number of postgraduate students, as well as bachelor-, specialist-, and masters-level graduates. The most harmful institutional traps are shown to be departmental affiliatio n, applica nt preference s, minim um tuiti on fee and low unemployment rate. If current trends in the region’s education and scientific systems are maintained, stagnation of its economy is likely to occur, resulting in a reduction of the region’s attractiveness to young professionals. The findings of the study can be applied when making changes to regional development programmes. More research is needed to determine economic development priorities in terms of human capital or resource extraction.

Transformation of education as a metatrend of the digital economy

2020 ◽  
Vol 16 (10) ◽  
pp. 1960-1979
Author(s):  
N.A. Egina ◽  
E.S. Zemskova
Keyword(s):  
Human Capital ◽  
Social Transformation ◽  
Network Effects ◽  
Digital Economy ◽  
Network Education ◽  
Economic Progress ◽  
Positive Externalities ◽  
Communication Processes ◽  
Education Network ◽  
The Impact

Subject. The study focuses on the impact of the digital economy determinants of the education transformation. Objectives. The article provides our own approach treating the education capital as a specific asset of the digital economy, which has an acceleration effect and sets up new trends in education through integrative networks. Methods. The study is based on principles of the systems integration, cross-disciplinary and multidisciplinary approaches. Results. The socio-economic progress was found to be determined with properties of human capital, which are solely specific to the digital economy. In new circumstances, it gets more important for actors of global, national, corporate and social networks to more actively cooperate within distributed networks in order to train high professionals, who would have skills in information networks. Thus, they would raise a new form of human capital – the capital of network education (network-based education capital). We describe positive externalities that arise when the educational sector joins communication processes. We illustrate how educational forms evolves, which are typical of a certain phase of the socio-economic development. The education capital was discovered to grow into a specific asset generating the quasi-rent and working as a social ladder only provided more actors are involved into the network. Conclusions and Relevance. Studying the evolution of educational forms through the cross-disciplinary method, we discovered the need for a system approach, which would help substantiate its transformation in the time of the digital economy, and the emergence of network-based education. These are technologies and tools of the digital economy that become unique factors generating the acceleration effect of the educational capital and ensuring the use of diverse network effects for the formation of intellectual capital and their social transformation.

FORMATION OF HUMAN CAPITAL IN THE DIGITAL TRANSFORMATION PARADIGM

2020 ◽  
Vol 2 (5) ◽  
pp. 115-119
Author(s):  
M. V. SAVINA ◽  
◽  
A. A. STEPANOV ◽  
I.A. STEPANOV ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Digital Age ◽  
Digital Transformation ◽  
Educational Process ◽  
Knowledge And Skills ◽  
Main Components ◽  
The Impact ◽  
Modern Era

The article highlights the problems of the impact of "digitalization" of society on the formation and transformation of human capital, and above all, the development of new competencies, knowledge and skills. The main components of human capital in the modern era, the features of the formal and informal educational process are clarified and disclosed. The necessity of minimizing the precariat class is proved. The main directions of qualitative improvement of human capital adequate to the challenges of the digital age and globalization are defined.

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