Accounting for Mismatch Employment

Benedikt Herz and Thijs van Rens

No 270222, Economic Research Papers from University of Warwick - Department of Economics

Abstract: We investigate unemployment due to mismatch in the US over the past three decades. We propose an accounting framework that allows us to estimate the overall amount of mismatch unemployment, as well as the contribution of each of the frictions that caused the mismatch. Mismatch is quantitatively important for unemployment and the cyclical behavior of mismatch unemployment is very similar to that of the overall unemployment rate. Geographic mismatch is driven primarily by wage frictions. Mismatch across industries is driven by wage frictions as well as barriers to job mobility. We Önd virtually no role for worker mobility frictions.

Keywords: Financial Economics; Labor and Human Capital (search for similar items in EconPapers)
Pages: 40
Date: 2015-05-05
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Accounting for Mismatch Unemployment (2020)
Working Paper: Accounting for Mismatch Unemployment (2018)
Working Paper: Accounting for Mismatch Unemployment (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:270222

DOI: 10.22004/ag.econ.270222

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