Mismatch unemployment

Aysegul Sahin, Joseph Song, Giorgio Topa and Giovanni Violante

No 566, Staff Reports from Federal Reserve Bank of New York

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. Geographical mismatch plays no apparent role. Occupational mismatch has become especially more severe for college graduates, and in the West of the United States.

Keywords: unemployment; vacancies; mismatch (search for similar items in EconPapers)
JEL-codes: E24 J23 J63 J64 (search for similar items in EconPapers)
Pages: 78 pages
Date: 2012
New Economics Papers: this item is included in nep-lab
Note: For a published version of this report, see Ayşegül Şahin, Joseph Song, Giorgio Topa, and Giovanni L. Violante, "Mismatch Unemployment," American Economic Review 104, no. 11 (November 2014): 3529-64.
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Citations: View citations in EconPapers (10)

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Journal Article: Mismatch Unemployment (2014)
Working Paper: Mismatch Unemployment (2012)
Working Paper: Mismatch Unemployment (2012)
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