Titelaufnahme

Titel
Output costs of education and skill mismatch / Pietro Garibaldi (Collegio Carlo Alberto, University of Torino and IZA), Pedro Gomes (University of London and IZA), Thepthida Sopraseuth (University of Cergy-Pontoise) ; IZA Institute of Labor Economics
VerfasserGaribaldi, Pietro ; Gomes, Pedro ; Sopraseuth, Thepthida
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, February 2020
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (34 Seiten) : Diagramme
SerieDiscussion paper ; no. 12974
URLVolltext
URNurn:nbn:de:hbz:5:2-212230 
Zugänglichkeit
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Output costs of education and skill mismatch [0.54 mb]
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Zusammenfassung

We propose a simple theory of under- and over-employment. Individuals of high type can perform both skilled and unskilled jobs, but only a fraction of low-type workers can perform skilled jobs. People have different non-pecuniary values over these jobs, akin to a Roy model. We calibrate two versions of the model to match moments of 17 OECD economies, considering separately education and skills mismatch. The cost of mismatch is 3% of output on average but varies between -1% to 9% across countries. The key variable that explains the output cost of mismatch is not the percentage of mismatched workers but their wage relative to well-matched workers.

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