Published Paper Details:

This paper essentially tries to peek into the concept, if education necessarily enhances the productivity of one self, and if it does so, whether that would imply high returns. Education is often used a stair case to move towards the higher payoff schemes of life. The paper analyses if this mindset is a myth prevailing in the education sector, forcing people to overeducate oneself and eventually reducing their scope in the job markets where experience and adequate education is weighted higher than over education. Different theories of education and job match are taken into account to determine if overeducation is essentially a persistent phenomenon prevailing in the labour markets, what are its causes and how does it affect the earning opportunities of an individual. The Mincer�s wage equation has been used here to study the effect of returns for over, under and adequately educated individuals. A numerous case studies were taken into consideration in order to support the concept.