The paper shows how important it is to consider the requirement level when measuring mismatch unemployment. While the mismatch between occupations decreases over time, the imbalances in the distribution of unemployed workers and vacant jobs across requirement levels increased, which, in sum, led...

Using high-quality administrative data, I analyze workers' opportunity costs of reallocation across occupations by measuring the additional time spent in unemployment before being hired in a new occupation. Furthermore, I inspect the wage changes after reallocation and find that workers who...

The paper shows how important it is to consider the requirement level when measuring mismatch unemployment. While the mismatch between occupations decreases over time, the imbalances in the distribution of unemployed workers and vacant jobs across requirement levels increased, which, in sum, led...