Measuring Skills Demanded by Employers: Skills Towards Employment and Productivity

Maria Laura Sanchez Puerta and Anam Rizvi

No 29886846, Jobs Group Papers, Notes, and Guides from The World Bank

Abstract: Economic growth depends on skills being put to productive use. In recent years, research on labor outcomes and education shows that there is a substantial mismatch between the supply and demand for skills around the world (Cappelli, 2014: McIntosh and Vignoles, 2001). This mismatch affects more than just wages or individual job satisfaction. Skills mismatches have an impact on productivity and growth at both the firm level and the macro-economic level (Quintini, 2014). Reports show that firms around the world consider skills challenges to be an impediment to the operation and development of their business. A cause for further concern is that this constraint seems to be disproportionately affecting the more dynamic and innovative employers, signifying a potentially negative impact on job creation and technological progress (World Bank, 2012).

Keywords: country survey; Technical and Vocational Education; blue-collar worker; demand for skill; supply of skill; labor market information; skills and education; labor market policy; leadership problem solving; labor and education; impact on productivity; quality and relevance; general education system; foreign language; worker type; white-collar worker; external training; student testing; employer having; skill gap; Job Creation; practical skill; skill need; skill set; skill development; wood processing; probation period; Public-Private Partnership; essential skill; labor outcomes; productive use; internal training; practical training; unemployed individual; tobacco manufacturing; generic skill; reveal preference; numeracy skill; emotional stability; employable skill; relative ranking; technological progress; reading skill; writing skill; computer usage; family relation; high share; employment trend; policy target; job market; working condition; payroll tax; tax rate; political uncertainty; increase productivity; career choice; technological change; educational investment; individual need; air transportation (search for similar items in EconPapers)
Pages: 8
Date: 2018-05-01
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