Mismatch Unemployment

Ay?egül ?ahin, Joseph Song, Giorgio Topa and Giovanni L. Violante

American Economic Review, 2014, vol. 104, issue 11, 3529-64

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. Our calculations indicate that mismatch, across industries and 3-digit occupations, explains at most 1/3 of the total observed increase in the unemployment rate. Occupational mismatch has become especially more severe for college graduates, and in the West of the United States. Geographical mismatch unemployment plays no apparent role.

JEL-codes: E24 J22 J24 J41 J63 (search for similar items in EconPapers)
Date: 2014
Note: DOI: 10.1257/aer.104.11.3529
References: Add references at CitEc
Citations: View citations in EconPapers (122)

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.104.11.3529 (application/pdf)
http://www.aeaweb.org/aer/data/10411/20121280_data.zip (application/zip)
http://www.aeaweb.org/aer/app/10411/20121280_app.pdf (application/pdf)
http://www.aeaweb.org/aer/ds/10411/20121280_ds.zip (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Mismatch Unemployment (2012)
Working Paper: Mismatch unemployment (2012)
Working Paper: Mismatch Unemployment (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:104:y:2014:i:11:p:3529-64

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().