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Skills mismatch, productivity and policies

Evidence from the second wave of PIAAC

This paper extends earlier OECD work exploring the link between skills mismatch, productivity and policies to include the countries in the second wave of OECD Survey of Adult Skills, with a special focus on New Zealand. We find that the percentage of workers who are mismatched in terms of skills is 28% in New Zealand, slightly over the OECD average of 25%. The share of over-skilling is at the OECD average of 18%, while the share of under-skilling - at around 10% - is also above the OECD average of 7%. The results suggest that improving the allocation of skills to OECD best practice could be associated with an increase in productivity of around 7% in New Zealand.

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Keywords: reallocation, framework policies, education, human capital, labour mobility, productivity, skill mismatch
JEL: O40: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Economic Growth and Aggregate Productivity: General; J61: Labor and Demographic Economics / Mobility, Unemployment, Vacancies, and Immigrant Workers / Geographic Labor Mobility; Immigrant Workers; J20: Labor and Demographic Economics / Demand and Supply of Labor / Demand and Supply of Labor: General; J24: Labor and Demographic Economics / Demand and Supply of Labor / Human Capital; Skills; Occupational Choice; Labor Productivity; I20: Health, Education, and Welfare / Education and Research Institutions / Education and Research Institutions: General
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Author(s)
Müge Adalet McGowani and Dan Andrewsi iOECD

21 Jul 2017

25 pages

No. 1403

https://doi.org/10.1787/65dab7c6-en

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