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This paper shows the evolution of mismatch unemployment over the period from 2007 to 2022 in Germany. A substantial … part of mismatch unemployment results from a misallocation on the qualification level rather than on the occupational level …. Taking the qualification level into account, an upward trend in mismatch unemployment in the aftermath of the COVID …
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Shocks driving the business cycle have different effects on low-skilled and high-skilled workers. This paper studies the effects of temporary and permanent sector-specific shocks in a New Keynesian matching model. We show that temporary sector-specific shocks have reallaction and aggregate...
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Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve (i.e. the negative correlation between unemployment and vacancies) and business cycle statistics jointly. This paper builds upon the sectoral shock literature and combines its...
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