Song, Joseph; Topa, Giorgio; Violante, Gianluca; Sahin, … - Society for Economic Dynamics - SED - 2012
This paper measures mismatch between job-seekers and vacancies in the U.S. labor market. Mismatch is defined as the distance between the observed allocation of unemployed workers across sectors and the optimal allocation that solves a planner’s problem. The planner’s allocation...