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Skill mismatch in labor markets

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The 2008 global financial and economic crisis led to a significant increase in unemployment rates in most developed economies, yet despite the rising supply of labor, a high share of employers claim that they cannot find the right talent and skills. Concerns that economic restructuring and changing skill needs associated with new technologies and workplace organization practices will not be met by an adequately skilled workforce, has placed the issue of skill mismatch the incongruence between skill supply and skill demand high up in the policy agenda. This volume contains eleven original research articles which deal with the linkages between education and skills and the causes and consequences of different types of skill mismatch. Topics include the way graduate jobs can be defined, the labor market decisions and outcomes of graduates, the determinants of the overeducation wage penalty, the determinants and consequences of underskilling, the wage return of skills, the impact of skill mismatch on aggregate productivity, and the role of work-related training and job complexity on skill development.


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Contents


List of contributors


Editorial advisory board


Preface


◎To be or not to be a scientist? / Arnaud Chevalier


◎Cross-national deployment of 'graduate jobs': analysis using a new indicator based on high skills use / Golo Henseke and Francis Green


◎Deconstructing theories of overeducation in Europe: a wage decomposition approach / Seamus McGuinness and Konstantinos Pouliakas


◎The changing occupational distribution by college major / Michael R. Ransom and Aaron Phipps


◎Skilled or educated? Educational reforms, human capital, and earnings / Lorenzo Cappellari, Paolo Castelnovo, Daniele Checchi and Marco Leonardi


◎Labor market mismatch and labor productivity: evidence from PIAAC data / Müge Adalet McGowan and Dan Andrews


◎Much ado about nothing? The wage penalty of holding a PhD degree but not a PhD job position / Giuseppe Lucio Gaeta, Giuseppe Lubrano Lavadera and Francesco Pastore


◎Rethinking under-skilling in Europe / Ilias Livanos and Imanol Núñez


◎Are skill deficits always bad? Toward a learning perspective on skill mismatches / Rolf van der Velden and Dieter Verhaest


◎Work-related learning and skill development in Europe: does initial skill mismatch matter? / Maria Ferreira, Annemarie Künn-Nelen and Andries De Grip


◎Job design and skill development in the workplace / Giovanni Russo


◎Index.

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