Mismatch Unemployment

• 成果类型: Article
• 署名作者: Sahin, Ayseguel; Song, Joseph; Topa, Giorgio; Violante, Giovanni L.
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - New York; Columbia University; New York University; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.104.11.3529
• 发表日期: 2014
• 页码: 3529-3564
• 关键词: sectoral shifts; search; MARKET; LABOR; equilibrium; VACANCIES; BEHAVIOR; mobility

摘要

We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the recent rise in US unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL. Our calculations indicate that mismatch, across industries and three-digit occupations, explains at most one-third of the total observed increase in the unemployment rate. Occupational mismatch has become especially more severe for college graduates, and in the West of the United States. Geographical mismatch unemployment plays no apparent role.