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  • We propose a simple theory of under- and over-employment. Individuals of high type can perform both skilled and unskilled jobs, but only a fraction of low-type workers can perform skilled jobs. People have different non-pecuniary values over these jobs, akin to a Roy model. We calibrate two versions of the model to match moments of 17 OECD economies, considering separately education and skills mismatch. The cost of mismatch is 3% of output on average but varies between -1% to 9% across countries. The key variable that explains the output cost of mismatch is not the percentage of mismatched workers but their wage relative to well-matched workers. (xsd:string)
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  • http://ftp.iza.org/dp12974.pdf. (PIAAC) (xsd:string)
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  • PIAAC-Bibliography (xsd:string)
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  • 2020 (xsd:gyear)
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  • 2020 (xsd:gyear)
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  • english (xsd:string)
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  • 12974 (xsd:string)
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  • Output costs of education and skill mismatch (xsd:string)
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  • (12974), 36, 2020 (xsd:string)
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  • PIAAC - Programme for the International Assessment of Adult Competencies (xsd:string)
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