| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16423 |
| DP16423 Mismatch Cycles | |
| Isaac Baley; Ana Figueiredo; Robert Ulbricht | |
| 发表日期 | 2021-08-06 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper studies the cyclical dynamics of skill mismatch and quantifies its impact on labor productivity. We build a tractable directed search model, in which workers differ in skills along multiple dimensions and sort into jobs with heterogeneous skill requirements. Skill mismatch arises due to information frictions and is prolonged by search frictions. Estimated to the U.S., the model replicates salient business cycle properties of mismatch. Job transitions in and out of bottom job rungs, combined with career mobility, are key to account for the empirical fit. The model provides a novel narrative for the scarring effect of unemployment. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Business cycles Cleansing Learning about skills Multidimensional sorting Scarring effect of unemployment Search-and-matching Skill mismatch Sullying |
| URL | https://cepr.org/publications/dp16423 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545384 |
| 推荐引用方式 GB/T 7714 | Isaac Baley,Ana Figueiredo,Robert Ulbricht. DP16423 Mismatch Cycles. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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