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Is there a skills mismatch in the labor market?

Author

Listed:
  • R. Jason Faberman
  • Bhashkar Mazumder

Abstract

This article reviews the concept of skills mismatch in the labor market and examines its role in explaining ongoing low levels of hiring and high levels of unemployment during the current economic recovery.

Suggested Citation

  • R. Jason Faberman & Bhashkar Mazumder, 2012. "Is there a skills mismatch in the labor market?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jul.
  • Handle: RePEc:fip:fedhle:y:2012:i:jul:n:300
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cfljuly2012_300.pdf
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    Citations

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    Cited by:

    1. Modestino, Alicia Sasser & Shoag, Daniel & Ballance, Joshua, 2016. "Downskilling: changes in employer skill requirements over the business cycle," Labour Economics, Elsevier, vol. 41(C), pages 333-347.
    2. Arthi, Vellore & Parman, John, 2021. "Disease, downturns, and wellbeing: Economic history and the long-run impacts of COVID-19," Explorations in Economic History, Elsevier, vol. 79(C).
    3. Kiyohiko G. Nishimura, 2016. "Three "Seismic Shifts" in the Global Economy and Policy Challenges," CARF F-Series CARF-F-379, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    4. Scott Burns, 2018. "Human Capital and Its Structure," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 33(Summer 20), pages 33-51.
    5. Joshua Ballance & Alicia Sasser Modestino & Daniel Shoag, 2015. "Upskilling: do employers demand greater skill when skilled workers are plentiful?," Working Papers 14-17, Federal Reserve Bank of Boston.
    6. Valeria Cirillo & Mario Pianta & Leopoldo Nascia, 2018. "Technology and Occupations in Business Cycles," Sustainability, MDPI, vol. 10(2), pages 1-25, February.
    7. Carola Conces Binder, 2021. "Central Bank Communication and Disagreement about the Natural Rate Hypothesis," International Journal of Central Banking, International Journal of Central Banking, vol. 17(2), pages 81-123, June.

    More about this item

    Keywords

    Labor market; Labor economics;

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