Details nur auf Englisch.
For many occupations, the demand for skilled workers far exceeds their supply. With the retirement of the baby boomer generation looming at the horizon, economists and policymakers expect those skill shortages to continue worsening in the near future. The aging of the workforce that is expected in the coming years means that fewer workers will be available to replace retiring skilled workers, creating growing pressure on occupations that already experience shortages (as, for example, healthcare professionals). This is only further exacerbated by problems of mismatch unemployment, which increases skill shortages, even if unemployment is high. This project aims to provide a deeper understanding of the dynamics of skill shortage, as well as an evaluation of the efficacy of labor market policies in alleviating it. Thereby we consider three different perspectives: (1) The level of the individual firm and its recruitment possibilities, specifically how effective the posting of higher wages and non-wage amenities is in this context, (2) The role of active labor market policy in re-skilling unemployed workers in the direction of high skill-shortage vacancies, and its efficiency in alleviating skill mismatch, and (3) the development of broader local labor market conditions, with a specific focus on how monopsonistic market structures change through demographic change and how this affects skill shortages.