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Is there a skills mismatch in the labor market?


  • R. Jason Faberman
  • Bhashkar Mazumder


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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    Cited by:

    1. 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).
    2. 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.
    3. 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.
    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. 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.
    6. 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.
    7. Valeria Cirillo & Mario Pianta & Leopoldo Nascia, 2018. "Technology and Occupations in Business Cycles," Sustainability, MDPI, vol. 10(2), pages 1-25, February.

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    Labor market; Labor economics;


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