Mismatch Unemployment
79 Pages Posted: 13 Aug 2012
There are 3 versions of this paper
Mismatch Unemployment
Mismatch Unemployment
Date Written: August 1, 2012
Abstract
We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new database covering the universe of online U.S. job advertisements. Mismatch across industries and occupations explains at most one-third of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share of the rise in unemployment explained by occupational mismatch is increasing in the education level.
Keywords: mismatch, vacancies, unemployment
JEL Classification: E24, J23, J63, J64
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Incentives in Competitive Search Equilibrium
By Espen R. Moen and Asa Rosen
-
The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited
By Marcus Hagedorn and Iourii Manovskii
-
The Cyclical Behavior of Equilibrium Unemployment and Vacancies: Evidence and Theory
-
Incentives in Competitive Search Equilibrium and Wage Rigidity
By Espen R. Moen and Asa Rosen
-
Incentives in Competitive Search Equilibrium and Wage Rigidity
By Espen R. Moen and Asa Rosen
-
Search-Theoretic Models of the Labor Market: A Survey
By Richard Rogerson and Randall Wright
-
Search-Theoretic Models of the Labor Market-A Survey
By Richard Rogerson, Robert Shimer, ...
-
Unemployment Fluctuations with Staggered Nash Wage Bargaining
By Mark Gertler and Antonella Trigari
-
Employer-to-Employer Flows in the U.S. Labor Market: The Complete Picture of Gross Worker Flows