Rethinking the skills gap

Thijs van Rens and Roland Rathelot

IZA World of Labor, 2017, No 391, 391

Abstract: Evidence suggests that productivity would be much higher and unemployment much lower if the supply of and demand for skills were better matched. As a result, skills mismatch between workers (supply) and jobs (demand) commands the ongoing attention of policymakers in many countries. Policies intended to address the persistence of skills mismatch focus on the supply side of the issue by emphasizing worker education and training. However, the role of the demand side, that is, employers’ wage-setting practices, garners comparatively little policy attention.

Keywords: skills mismatch; misallocation; productivity; unemployment; wage setting (search for similar items in EconPapers)
JEL-codes: J24 J31 J42 J62 J64 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Journal Article: Rethinking the skills gap (2023)
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