EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe
Labour markets are undergoing structural transformation due to globalisation, demographic trends, advancing digital technologies and automation and changes in labour market institutions. Against this background, businesses increasingly report that the limited availability of skills poses an impedime...
I tiakina i:
| Ngā kaituhi matua: | , |
|---|---|
| Hōputu: | Online |
| Reo: | Ingarihi |
| I whakaputaina: |
European Investment Bank
2021
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| Ngā marau: | |
| Urunga tuihono: | OCN: 1238203605 |
| Ngā Tūtohu: |
Kāore He Tūtohu, Me noho koe te mea tuatahi ki te tūtohu i tēnei pūkete!
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| _version_ | 1869526048732872704 |
|---|---|
| author | Brunello, Giorgio Wruuck, Patricia |
| author_browse | Brunello, Giorgio Wruuck, Patricia |
| author_facet | Brunello, Giorgio Wruuck, Patricia |
| author_sort | Brunello, Giorgio |
| collection | Directory of Open Access Books |
| description | Labour markets are undergoing structural transformation due to globalisation, demographic trends, advancing digital technologies and automation and changes in labour market institutions. Against this background, businesses increasingly report that the limited availability of skills poses an impediment to corporate investment. Genuine skill constraints can negatively affect labour productivity and hamper the ability to innovate and adopt technological developments. For individual Europeans, not having “the right skills” limits employability prospects and access to quality jobs. For Europe at large, persistent skill gaps and mismatches come at economic and social costs.
This paper reviews the recent economic literature on skill mismatch and skill shortages, with a focus on Europe. It questions:
how the job requirements of individuals can be measured;
whether skill shortages stated by employers reflect the lack of suitable candidates or are due instead to the wage and working conditions being offered;
what economic costs are posed by skill mismatch and shortages; and
how policy can address the issue of skills, including the role of EU policies. |
| format | Online |
| id | doab-20.500.12854ir-28152 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | European Investment Bank |
| publisherStr | European Investment Bank |
| record_format | ojs |
| spelling | doab-20.500.12854ir-281522025-07-21T15:58:23Z EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe Brunello, Giorgio Wruuck, Patricia European Investment Bank Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry Labour markets are undergoing structural transformation due to globalisation, demographic trends, advancing digital technologies and automation and changes in labour market institutions. Against this background, businesses increasingly report that the limited availability of skills poses an impediment to corporate investment. Genuine skill constraints can negatively affect labour productivity and hamper the ability to innovate and adopt technological developments. For individual Europeans, not having “the right skills” limits employability prospects and access to quality jobs. For Europe at large, persistent skill gaps and mismatches come at economic and social costs. This paper reviews the recent economic literature on skill mismatch and skill shortages, with a focus on Europe. It questions: how the job requirements of individuals can be measured; whether skill shortages stated by employers reflect the lack of suitable candidates or are due instead to the wage and working conditions being offered; what economic costs are posed by skill mismatch and shortages; and how policy can address the issue of skills, including the role of EU policies. 2021-02-10T13:21:36Z 2021-02-10T13:21:36Z 2020-12-15T13:26:35Z 2019 book OCN: 1238203605 https://library.oapen.org/handle/20.500.12657/43400 9789286142727 https://directory.doabooks.org/handle/20.500.12854/28152 eng open access image/jpeg image/jpeg image/jpeg n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/43400/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/43400/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/43400/1/external_content.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/24044 https://doi.org/10.2867/24044 feca012f-a3d8-4aac-95aa-b6cf4bdbed7c Knowledge Unlatched 9789286142727 Knowledge Unlatched (KU) European Investment Bank open access |
| spellingShingle | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry Brunello, Giorgio Wruuck, Patricia EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe |
| title | EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe |
| title_full | EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe |
| title_fullStr | EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe |
| title_full_unstemmed | EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe |
| title_short | EIB Working Papers 2019/05 - Skill shortages and skill mismatch in Europe |
| title_sort | eib working papers 2019 05 skill shortages and skill mismatch in europe |
| topic | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry |
| topic_facet | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry |
| url | OCN: 1238203605 |
| work_keys_str_mv | AT brunellogiorgio eibworkingpapers201905skillshortagesandskillmismatchineurope AT wruuckpatricia eibworkingpapers201905skillshortagesandskillmismatchineurope |