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The peristence of European unemployment stands in striking contrast to the cyclical pattern of unemployment in the US. Many people attribute the rise in European unemployment to increased imbalances between the pattern of labour demand and supply - in other words, to greater mismatch, but existing mismatch indicators do not support this view. However, the obvious inference is not legitimate because the evidence is based on trended data, and thus gives rise to spurious statistical results. To get around the problem, the author uses the dynamic flow approach to structural unemployment and disaggregated data. The reader will find new results on "non-spurious" mismatch tendencies, occupational reallocation, the matching of apprentices, and the importance of matching and mobility for wage differentials.
Inhaltsverzeichnis
From the Contents: Introduction.- Do aggregate measures of mismatch measure mismatch? A time series analysis of existing concepts.- Disaggregate matching functions, spurious mismatch and occupational reallocation in Germany.- Matching and new technologies: Does unmeasured ability explain the higher wages of new-technology workers?
Bericht
"This well-documetned book gives intersting suggestions and provides a good synthesis of the mismatch theory, to whose development the author contributed. It will no doubt be useful to econometrists." European Review
