A substantial fraction of workers are underemployed, ie, employed in jobs for which they are
overqualified, and that fraction—the underemployment rate—is higher in recessions. To …

This paper extends the job creation–job destruction approach to the labor market to take into
account a deterministic finite horizon. As hirings and separations depend on the time over …

This study examines age‐dependent employment protection by extending the theory of
equilibrium unemployment to account for a finite working life‐time. The potential …

We construct a model in which screening of heterogeneous workers by employers plays a
central role in determining both the flows into and out of unemployment. Following a …

We study two first-order economic consequences of vertical mismatch, using a simple
(neoclassical) model of under-and over-employment. Individuals of high type can perform …

A vast empirical literature implies that increases in unemployment have an aggravating
impact on income inequality, whence international and intertemporal inequality comparisons …

This paper provides more insight into the assumption of human capital theory that the
productivity of job-related training is driven by the improvement of workers' skills. We …

The quality of education appears to be negatively correlated with both the overeducation of
workers at the tasks they perform and the unemployment rate across EU-15 countries, and …

This paper argues that human capital depreciation during unemployment generates an
externality in job creation: firms ignore how their hiring decisions affect the skill composition …

This paper shows that job polarization has a persistent negative effect on employment
opportunities, labor mobility and skill-to-job match quality for mid/low-skilled workers, in …