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Author: Figueiredo, Ana
Resulting in 1 citation.
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Baley, Isaac Figueiredo, Ana Ulbricht, Robert |
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Mismatch Cycles Journal of Political Economy published online (1 April 2022): DOI: 10.1086/720461. Also: https://www.journals.uchicago.edu/doi/epdf/10.1086/720461 Cohort(s): NLSY79 Publisher: University of Chicago Press Keyword(s): Business Cycles; Occupational Information Network (O*NET); Skills; Unemployment This paper studies the cyclical dynamics of skill mismatch and quantifies its impact on labor productivity. We build a tractable directed search model, in which workers differ in skills along multiple dimensions and sort into jobs with heterogeneous skill requirements. Skill mismatch arises due to information frictions and is prolonged by search frictions. Estimated to the U.S., the model replicates salient business cycle properties of mismatch. Job transitions in and out of bottom job rungs, combined with career mobility, are key to account for the empirical fit. The model provides a novel narrative for the scarring effect of unemployment |
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Bibliography Citation
Baley, Isaac, Ana Figueiredo and Robert Ulbricht. "Mismatch Cycles." Journal of Political Economy published online (1 April 2022): DOI: 10.1086/720461.
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