Good Practice in Adapting to Changing Skill Needs

By Katharine Mullock Skills mismatch and shortages are costly for individuals, employers and society in terms of reducing pay, lowering productivity and dampening growth. Therefore, tackling these skill imbalances should be a high priority for policy. But what can de done? A new OECD report (Getting Skills Right: Good Practice in Adapting to Changing Skill … More Good Practice in Adapting to Changing Skill Needs

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, … More How the Labour Market Drives Mismatch and its Penalties

Are we getting it right? The importance of assessing and anticipating skill needs

By Fabio Manca. Recent empirical literature warns about the negative impact that skills mismatch can have on individuals and economies as a whole. At the individual level, over-qualification and over-skilling entail lower earnings, lower job satisfaction and a higher risk of unemployment relative to well-matched workers (OECD, 2015 (forthcoming); Quintini, 2011). At the aggregate level, … More Are we getting it right? The importance of assessing and anticipating skill needs