The Republic of Korea is in urgent need of vocational training to mitigate high levels of skill mismatch. This article studies the largely unexplored impact of vocational training on skill mismatch using administrative vocational training data (HRD-Net, 2016-19). We consider skill-matched employment…
No single institution can reduce (long-term) youth unemployment. Welfare and labour market institutions function as “bundles”, through multiple inter-institutional synergies. Based on a focused literature review for theory and on cluster analysis for empirics, the author identifies five such regimes…
Does early-career unemployment cause future unemployment? The authors approach this question using German administrative matched employer–employee data that track almost 700,000 individuals over 24 years. Instrumenting early-career unemployment with firm-specific labour demand shocks, they find sign…
