Recruitment of Overeducated Personnel:Insider-Outsider Effects on Fair EmployeeSelection Practices

Oliver FabelRazvan Pascalau

Research Paper SeriesThurgauer Wirtschaftsinstitut

No. 18 january 2007

We analyze a standard employee selection model given two institutional constraints: first, professionalexperience perfectly substitutes insuffcient formal education for insiders while this substitution is imper-fect for outsiders. Second, in the latter case the respective substitution rate increases with the advertisedminimum educational requirement. Optimal selection implies that the expected level of formal educationis higher for outsider than for insider recruits. Moreover, this difference in educational attainments in-creases with lower optimal minimum educational job requirements. Investigating data of a large US publicemployer confirms both of the above theoretical implications. Generally, the econometric model exhibitsa ‘good fit’.

Recruitment of Overeducated Personnel:Insider-Outsider Effects on Fair Employee

Selection Practices

january 2007ABSTRACT

Prof. Dr. Oliver Fabel, Chair for Managerial Economics, in particular Business Policy, Faculty of Law,Economics and Politics, Department of Economics, University of Konstanz, Box D144, 78457Konstanz, Germany; Tel.: +49-(0)7531-88-2990/-2992; Fax: +49-(0)7531-88-4456

Razvan Pascalau, Department of Economics, Finance & Legal Studies, Culverhouse College of Commerceand Business Administration, University of Alabama, 200 Alston Hall Box 87-0224, Tuscaloosa, AL, 35487,USA; Tel.: +1-205-348-7592

Keywords: employee selection, overeducation, adverse impact, insiders vs outsiders

JEL-Classfication: M51 (Firm Employment Decisions; Promotions), J53 (Labor-Management Relations;Jurisprudence), J78 (Labor Discrimination; Public Policy), I21 (Analysis of Education)

We thank M. Rauber, Konstanz, for very helpful comments on a preliminary version of this paper.

Oliver Fabeloliver.fabel@uni-konstanz.de

University of KonstanzThurgau Institute of Economics

Razvan Pascalaurpascala@cba.ua.edu

University of Alabama

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Research Paper SeriesThurgauer Wirtschaftsinstitut

No. 15 december 2005