Qualitative Mismatches. Michael Sattinger Presentation at AIAS Part of a research project with Ernest Berkhout, Jules Theeuwes and Maikel Volkering, to be published by SEO Economic Research and Randstad. Definition.
Presentation at AIAS
Part of a research project with Ernest Berkhout, Jules Theeuwes and Maikel Volkering, to be published by SEO Economic Research and Randstad
Qualitative mismatches arise when the qualifications of workers, individually or in the aggregate, are different from the qualifications required or specified for their jobs.
Narayana Kocherlakota, 2010: “What does this change in the relationship between job openings and unemployment connote? In a word, mismatch. Firms have jobs, but can’t find appropriate workers. The workers want to work, but can’t find appropriate jobs. There are many possible sources of mismatch—geography, skills, demography—and they are probably all at work. Whatever the source, though, it is hard to see how the Fed can do much to cure this problem. Monetary stimulus has provided conditions so that manufacturing plants want to hire new workers. But the Fed does not have a means to transform construction workers into manufacturing workers.”
Goldin and Katz (2008): From 1970, rapid slowdown in accumulation of human capital.
1900-1975: schooling increased .82 years per decade.
1975-1989: negligible increase.
1989-1999: one-half year.
Source: Goldin and Katz, 2008, p. 290
Problem: Why did supplies fail to increase?
Source: Jean-François Giret (2007)
Source: Hanushek and Woessmann, 2010