Mismatch in the 21st Century:An Overview

Luca Coraggio (), Monica Langella (), Armando Miano (), Marco Pagano (), Marco Stenborg Petterson (), Vincenzo Petone () and Annalisa Scognamiglio ()
Additional contact information
Luca Coraggio: University of Naples Federico II, https://csef.it/people/luca-coraggio/
Monica Langella: University of Naples Federico II, CSEF and CEP, https://csef.it/people/monica-langella/
Armando Miano: University of Naples Federico II and CSEF, https://csef.it/people/armando-miano/
Marco Pagano: University of Naples Federico II, CSEF and EIEF, https://csef.it/people/marco-pagano/
Marco Stenborg Petterson: CSEF and University of Naples Federico II, https://csef.it/people/marco-stenborg-petterson/
Vincenzo Petone: Tilburg University
Annalisa Scognamiglio: University of Naples Federico II and CSEF, https://csef.it/people/annalisa-scognamiglio/

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: The quality of matches between workers, firms, and jobs is critical for labor market efficiency and affects firm productivity and worker welfare. This paper surveys research on the determinants, measurement, and effects of occupational mismatch. After recalling theoretical frameworks based on search costs and imperfect information, we review the different forms of mismatch and the empirical measures used to analyze it depending on the available data. We then analyze factors exacerbating mismatches, such as geographical constraints, hiring and firing costs, financial barriers, and structural shocks like technological change and demographic decline. Next, we assess the impact of mismatch on productivity, wages, and career development and review the policies to reduce it, such as improving information flows, lowering search costs, and fostering skill acquisition. We conclude by identifying remaining gaps in our understanding of occupational mismatch and thus priorities for future research.

Keywords: Occupational Mismatch; Skill Gaps and Shortages (search for similar items in EconPapers)
JEL-codes: J24 J62 J63 J68 O33 (search for similar items in EconPapers)
Date: 2024-12-01
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