Skill Mismatch in Labor Markets

Solomon W. Polachek, State University of New York at Binghamton and IZA, Konstantinos Pouliakas, European Centre for the Development of Vocational Training (CEDEFOP), University of Aberdeen and IZA Giovanni Russo, European Centre for the Development of Vocational Training (CEDEFOP) and IZA Konstantinos Tatsiramos, University of Nottingham and IZA

• Preface; Solomon W. Polachek, Konstantinos Pouliakas, Giovanni Russo, Konstantinos Tatsiramos To Be or not to Be a Scientist; Arnauld Chevalier Cross-National Deployment of "Graduate Jobs": Analysis using a new indicator based on high skills use; Golo Henseke, Francis Green Deconstructing Theories of Overeducation in Europe: A wage decomposition approach; Seamus McGuinness, Konstantinos Pouliakas The Changing Occupational Distribution by College Major; Michael R. Ransom, Aaron Phipps Skilled or Educated? Educational reforms, human capital and earnings; Lorenzo Cappellari, Paolo Castelnovo, Daniele Checchi, Marco Leonardi Labor Market Mismatch and Labor Productivity: Evidence from PIAAC data; Müge Adalet McGowan, Dan Andrews Much Ado ABout Nothing? The wage penalty of holding a PhD degree but not a PhD position; Giuseppe Lucio Gaeta, Giuseppe Lubrano Lavadera, Francesco Pastore Rethinking Underskilling in Europe; Ilias Livanos, Imanol Nunez Are Skills Deficits Always Bad? Towards a learning perspective on skill mismatches; Rolf van der Velden, Dieter Verhaest Work-Related Learning and Skill Development in Europe: Does initial skill mismatch matter?; Maria Ferreira, Annemarie Künn-Nelen, Andries De Grip Job Design and Skill Development in the Workplace; Giovanni Russo

This volume compiles 11 articles on the disparity between skill supply and skill demand in labor markets, examining the link between education and skills and the causes and consequences of different types of skill mismatch, focusing on the ways workers can develop their skills and how workplaces use or not use them. Researchers mainly from Europe consider how graduate jobs can be defined, the labor market decisions and outcomes of graduates, the determinants and consequences of the overeducation wage penalty and underskilling, the wage return of skills, the impact of skill mismatch on aggregate productivity, and the role of work-related training and job complexity in skill development.