G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9344
DP9344 Horizontal skills mismatch in the labor market: Protecting the past vs. protecting the future
Antonio Estache
发表日期2013-02-17
出版年2013
语种英语
摘要This paper shows how high bargaining power for firms and search costs in the labor market can impede a switch towards new, more competitive economic activities. This is because search costs drive the quality of the horizontal matching between worker types and the old and new sectors of the economy. The high bargaining power of firms pushes wages down, so that small search costs are enough for young workers or workers with new skills to give up looking for jobs in the new sector. Employers end up giving up offering these jobs as well. Politically popular labor policies protecting a dominating old sector and old workers, fail to address the mismatches and increase unemployment. Simply switching support to the new sector may cut jobs for the older workers and thus create other welfare losses. A more effective modernization policy, for both jobs and products, is to link wages to output.
主题Public Economics
URLhttps://cepr.org/publications/dp9344
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538182
推荐引用方式
GB/T 7714
Antonio Estache. DP9344 Horizontal skills mismatch in the labor market: Protecting the past vs. protecting the future. 2013.
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