A GLO discussion paper (Returns to Education and Overeducation Risk: A Dynamic Model by Lorenzo Navarini and Dieter Verhaest) gives new insights into how overeducation affects wage returns to higher education. It challenges long-held assumptions about overinvestment in college degrees and gives us a more nuanced understanding of educational outcomes.
Higher education should obviously only be available to people of the higher casts it was always a mistake to let people of different casts mingle. /s
The article actually argues that we should expand education, and the faults of “overeducated” risk is because of the job market being inefficient