Skill Shortages and Skill Mismatch in Europe: A Review of the Literature

35 Pages Posted: 21 May 2019

See all articles by Giorgio Brunello

Giorgio Brunello

University of Padua

Patricia Wruuck

European Union - European Investment Bank

Date Written: May 2019

Abstract

Labour markets are currently in a phase of cyclical recovery and 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 a focus on Europe.

Keywords: skill, shortages, mismatch, Europe

JEL Classification: J24

Suggested Citation

Brunello, Giorgio and Wruuck, Patricia, Skill Shortages and Skill Mismatch in Europe: A Review of the Literature (May 2019). IZA Discussion Paper No. 12346, Available at SSRN: https://ssrn.com/abstract=3390340 or http://dx.doi.org/10.2139/ssrn.3390340

Giorgio Brunello (Contact Author)

University of Padua ( email )

Via 8 Febbraio
Padova, Vicenza 2-35122
Italy

Patricia Wruuck

European Union - European Investment Bank

98-100 Boulevard Konrad Adenauer
L-2950
Luxembourg

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