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Output costs of education and skill mismatch in OECD countries

Pietro Garibaldi, Pedro Gomes and Thepthida Sopraseuth

Economics Letters, 2025, vol. 250, issue C

Abstract: We quantify the output costs of education and skills mismatch for 17 OECD economies, using a calibrated model of vertical mismatch. Eliminating the frictions generating mismatch would raise output by 3% to 4% on average, varying between 0.5% to 9% across countries. Although the education and skill mismatch measures are constructed using different methods and differ in size, the output costs are similar between the two measures.

Keywords: Skill mismatch; Education mismatch; Over-employment; Under-employment; Vertical mismatch; Output costs of mismatch (search for similar items in EconPapers)
JEL-codes: E24 J01 J21 J24 J31 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:250:y:2025:i:c:s0165176525001156

DOI: 10.1016/j.econlet.2025.112278

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