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dc.contributor.author Baley, Isaac
dc.contributor.author Figueiredo, Ana
dc.contributor.author Ulbricht, Robert
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2020-05-25T09:27:08Z
dc.date.available 2020-05-25T09:27:08Z
dc.date.issued 2020-01-31
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1694
dc.identifier.citation
dc.identifier.uri http://hdl.handle.net/10230/44786
dc.description.abstract This paper studies the dynamics of skill mismatch over the business cycle. We build a tractable directed search model, in which workers differ in skills along multiple dimensions and sort into jobs with heterogeneous skill requirements along those dimensions. Skill mismatch arises due to information and labor market frictions. Estimated to the U.S., the model replicates salient business cyclic properties of mismatch. We show that job transitions in and out of bottom job rungs, combined with career mobility of workers, are important to account for the empirical behavior of mismatch. The predicted career dynamics provide a novel narrative for the scarring effect of unemployment. The model suggests significant welfare costs associated with mismatch due to learning frictions.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1694
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Mismatch cycles
dc.title.alternative
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2020-05-25T09:26:19Z
dc.subject.keyword business cycles
dc.subject.keyword cleansing
dc.subject.keyword learning about skills
dc.subject.keyword multidimensional sorting
dc.subject.keyword scarring effect of unemployment
dc.subject.keyword search-and-matching
dc.subject.keyword skill mismatch
dc.subject.keyword sullying.
dc.subject.keyword Macroeconomics and International Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess

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