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  • 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. (xsd:string)
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  • http://dx.doi.org/10.1787/5js1pzx1r2kb-en. (PIAAC) (xsd:string)
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  • PIAAC-Bibliography (xsd:string)
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  • 2015 (xsd:gyear)
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  • 2015 (xsd:gyear)
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  • 10.1787/5js1pzx1r2kb-en ()
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  • 50 (xsd:string)
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  • english (xsd:string)
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  • 1209 (xsd:string)
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  • Labour market mismatch and labour productivity: Evidence from PIAAC data (xsd:string)
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  • techreport (xsd:string)
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  • (1209), 50, 2015 (xsd:string)
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  • PIAAC - Programme for the International Assessment of Adult Competencies (xsd:string)
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  • 2015 (xsd:string)
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  • PIAAC (xsd:string)
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  • 50 (xsd:string)
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