The term skills mismatch is very broad and can relate to many forms of labour market friction, including vertical mismatch, skill gaps, skill shortages, field of study (horizontal) mismatch and skill obsolescence. In this paper, we provide a clear overview of each concept and discuss the measurement and inter-relatedness of different forms of mismatch. We present a comprehensive analysis of the current position of the literature on skills mismatch and highlight areas which are relatively underdeveloped and may warrant further research. Using data from the European Skills and Jobs Survey, we assess the incidence of various combinations of skills mismatch across the EU. Finally, we review the European Commission's country-specific recommendations and find that skills mismatch, when referring to underutilized human capital in the form of overeducation and skills underutilization, receives little policy attention. In cases where skills mismatch forms part of policy recommendations, the policy advice is either vague or addresses the areas of mismatch for which there is the least available evidence.The job evaluation method is based on the assessments of professional job analysts who are tasked with measuring the educational requirements of occupations for the purpose of constructing occupational dictionaries (such as DOT or O*NET in the United States or SOC in the United Kingdom). The advantage of this approach is that it is perceived to be more accurate as it is based on field expertize. In terms of disadvantages, the job evaluation method is very expensive to carry out and, therefore, is not widely available at a national level. Furthermore, occupational requirements can change rapidly over time suggesting the approach can become outdated if the analysis is not updated on a fairly regular basis