Format:
Online-Ressource (50 S.)
,
graph. Darst.
Series Statement:
OECD Economics Department working papers 1209
Content:
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.
Note:
Zsfassung in franz. Sprache
,
Systemvoraussetzungen: PDF Reader.
Language:
English
Keywords:
Amtsdruckschrift
;
Arbeitspapier
;
Graue Literatur
DOI:
10.1787/5js1pzx1r2kb-en
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