Abstract: Spain is suffering an important economic slowdown which affects significantly to unemployment rises. For this reason, many individuals are considering to increase their educational level. However, this decision can lead to get worse labour market indicators. In this paper, we analyse the problem of overeducation and its effect on earnings using the data contained in the European Statistics on Income and Living Conditions (EU-SILC) and other educational indicators. In Spain, many workers are accepting jobs for which the required level of education is lower than the level they have attained. Thus, less-educated workers have many problems to find a job. As a result, these workers suffer a high and persistent unemployment status. Econometrically, we use different regression models.

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