How the Labour Market Drives Mismatch and its Penalties

By Guillermo Montt. In a previous post, we showed how across countries that took part in the Survey of Adult Skills, 39% of workers are mismatched by field of study. These are workers who graduated from a particular field but work in another, unrelated occupation. We also showed that many field-mismatched workers are also over-qualified, leading to a large wage penalty and non-ignorable costs for economies. More...