Skills and their impact on labor market performance using European cross-country evidence
Published:
Apr 12, 2018
Keywords:
Skills labor market performance Europe education
Abstract
The impact of skills on labor market performance is a topic which has attracted a growing attention during the last years and has become a major concern among policy makers. In this paper, I discuss on the skill needs in Europe and skill shortages and surpluses as well. Moreover, I examine five important dimensions of skills: information skills, communication skills, problem solving skills, software skills and digital skills. For all of them I have found negative correlation with unemployment rates, findings which suggest that these skills can improve the employment prospects and reduce the skill mismatch in the workplace. Finally, I estimate the effect of three levels of education on unemployment rates across a sample of 28 European countries for the 1999-2016 time period. Both tertiary and elementary education seem to reduce unemployment for European countries, while secondary education is connected with increased unemployment rates.
Article Details
- How to Cite
-
GIOTIS, G. (2018). Skills and their impact on labor market performance using European cross-country evidence. International Journal of Language, Translation and Intercultural Communication, 7, 45–63. https://doi.org/10.12681/ijltic.16931
- Section
- Articles
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright Notice
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
Downloads
Download data is not yet available.
References
Budría, S. & Moro-Egido, A. (2005). Education, Over-education, and Wage Inequality: Evidence for Spain, Studies on the Spanish Economy 211, FEDEA.
European Commission (2015). Measuring Skills Mismatch, Analytical Web Note, No. 7/2015.
ILO, OECD & World Bank (2014). G20 Labour Markets: Outlook, Key Challenges and Policy Responses, Report prepared for the G20 Labour and Employment Ministerial Meeting, Melbourne, Australia, 10-11 September 2014.
Jackman, R., Layard, R. & Savouri, S. (1991). Mismatch: a Framework for Thought, in F. PadoaSchioppa (ed.) Mismatch and labour mobility, Cambridge University Press, Cambridge, UK.
Kelly, E., O’Connell, P.J. & Smyth, E. (2010). The Economic Returns to field-of-study and Competencies among Higher Education Graduates in Ireland, Economics of Education Review, 29 (4), pp. 650-657.
Manacorda, M. & Petrongolo, B. (1998). Skill Mismatch and Unemployment in OECD Countries, Economica, 66, pp. 181-207.
Mavromaras, K. P., Sloane, P & Z. Wei (2015). The Scarring Effects of Unemployment, Low Pay and Skills Under-utilization in Australia Compared, Applied Economics, 47 (23), pp. 2413-2429.
McGuinness, S. & Sloane, P. (2011). Labour Market Mismatch Among UK Graduates: An Analysis Using REFLEX Data, Economics of Education Review, 30 (1), pp. 130-145.
Montt, G. (2015). The Causes and Consequences of Field-of-study Mismatch: An Analysis Using PIAAC, OECD Social, Employment and Migration Working Papers, No. 167, OECD Publishing, Paris.
OECD (2017). Getting Skills Right: Skills for Jobs Indicators, OECD Publishing, Paris.
OECD (2016). Health Workforce Policies in OECD Countries: Right Jobs, Right Skills, Right Place, OECD Health Policy Studies, OECD Publishing, Paris.
OECD (2014). OECD Employment Outlook 2014, OECD Publishing, Paris.
OECD (2012). Better Skills, Better Jobs, Better Lives: A Strategic Approach to Skills Policies, OECD Publishing, Paris.
Olitsky, N. (2008). The Procyclicality of Mismatches, University of Massachusetts-Dartmouth, mimeo.
Quintini, G. (2011a). Over-Qualified or Under-Skilled: A Review of Existing Literature, OECD Social, Employment and Migration Working Papers, No. 121, OECD Publishing, Paris.
Quintini, G. (2011b). Right for the Job: Over-Qualified or Under-Skilled?, OECD Social, Employment and Migration Working Papers, No. 120, OECD Publishing, Paris.
Robst, J. (2008). Overeducation and College Major: Expanding the Definition of Mismatch Between Schooling and Job, Manchester School, 76, pp. 349-368.
Sattinger, M. (1993). Assignment Models of the Distribution of Earnings, Journal of Economic Literature, 31 (2), pp. 831-880.
Skott, P. & Auerbach, P. (2005). Wage Inequality and Skill Asymmetries, in M. Setterfield (ed.) Interactions in analytical political economy: theory, policy and applications, Armonk, New York.
Sneessens, H. (1995). Asymmetric Growth Effects, Skill Mismatch and Unemployment Persistence, Université Catholique de Louvain, Institut de Recherches Economiques et Sociales, Discussion Paper No. 25.
Thisse, J. & Zenou, Y. (2000). Skill Mismatch and Unemployment, Economics Letters, 69, pp. 415-420.
