Labour Market Mismatch and Labour Productivity: Evidence from PIAAC Data
This paper explores the link between skill and qualification mismatch and labour productivity using cross-country industry data for 19 OECD countries. Utilising mismatch indicators aggregated from micro-data sourced from the recent OECD Survey of Adult Skills (PIAAC), the main results suggest that h...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2015
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Online-Zugang: | kostenfrei |
| Zusammenfassung: | This paper explores the link between skill and qualification mismatch and labour productivity using cross-country industry data for 19 OECD countries. Utilising mismatch indicators aggregated from micro-data sourced from the recent OECD Survey of Adult Skills (PIAAC), the main results suggest that higher skill and qualification mismatch is associated with lower labour productivity, with over-skilling and under-qualification accounting for most of these impacts. A novel result is that higher skill mismatch is associated with lower labour productivity through a less efficient allocation of resources, presumably because when the share of over-skilled workers is higher, more productive firms find it more difficult to attract skilled labour and gain market shares at the expense of less productive firms. At the same time, a higher share of under-qualified workers is associated with both lower allocative efficiency and within-firm productivity - i.e. a lower ratio of high productivity to low productivity firms. While differences in managerial quality can potentially account for the relationship between mismatch and within-firm productivity, the paper offers some preliminary insights into the policy factors that might explain the link between skill mismatch and resource allocation |
| Beschreibung: | 1 Online-Ressource (50 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5js1pzx1r2kb-en |
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| spelling | Adalet McGowan, Müge Verfasser aut Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data Müge Adalet McGowan and Dan Andrews = Inadéquation entre l'offre et la demande sur le marché du travail : observations à partir de l'étude PIAAC / Müge Adalet McGowan et Dan Andrews Inadéquation entre l'offre et la demande sur le marché du travail : observations à partir de l'étude PIAAC Paris OECD Publishing 2015 1 Online-Ressource (50 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper explores the link between skill and qualification mismatch and labour productivity using cross-country industry data for 19 OECD countries. Utilising mismatch indicators aggregated from micro-data sourced from the recent OECD Survey of Adult Skills (PIAAC), the main results suggest that higher skill and qualification mismatch is associated with lower labour productivity, with over-skilling and under-qualification accounting for most of these impacts. A novel result is that higher skill mismatch is associated with lower labour productivity through a less efficient allocation of resources, presumably because when the share of over-skilled workers is higher, more productive firms find it more difficult to attract skilled labour and gain market shares at the expense of less productive firms. At the same time, a higher share of under-qualified workers is associated with both lower allocative efficiency and within-firm productivity - i.e. a lower ratio of high productivity to low productivity firms. While differences in managerial quality can potentially account for the relationship between mismatch and within-firm productivity, the paper offers some preliminary insights into the policy factors that might explain the link between skill mismatch and resource allocation Economics Andrews, Dan ctb https://doi.org/10.1787/5js1pzx1r2kb-en Verlag kostenfrei Volltext |
| spellingShingle | Adalet McGowan, Müge Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data Economics |
| title | Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data |
| title_alt | Inadéquation entre l'offre et la demande sur le marché du travail : observations à partir de l'étude PIAAC |
| title_auth | Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data |
| title_exact_search | Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data |
| title_exact_search_txtP | Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data |
| title_full | Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data Müge Adalet McGowan and Dan Andrews = Inadéquation entre l'offre et la demande sur le marché du travail : observations à partir de l'étude PIAAC / Müge Adalet McGowan et Dan Andrews |
| title_fullStr | Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data Müge Adalet McGowan and Dan Andrews = Inadéquation entre l'offre et la demande sur le marché du travail : observations à partir de l'étude PIAAC / Müge Adalet McGowan et Dan Andrews |
| title_full_unstemmed | Labour Market Mismatch and Labour Productivity Evidence from PIAAC Data Müge Adalet McGowan and Dan Andrews = Inadéquation entre l'offre et la demande sur le marché du travail : observations à partir de l'étude PIAAC / Müge Adalet McGowan et Dan Andrews |
| title_short | Labour Market Mismatch and Labour Productivity |
| title_sort | labour market mismatch and labour productivity evidence from piaac data |
| title_sub | Evidence from PIAAC Data |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5js1pzx1r2kb-en |
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