Slack and Tightness: Making Sense of Post COVID-19 Labour Market Developments in the EU.

Autor/inn/en	Kiss, Áron; Morandini, Maria Chiara; Turrini, Alessandro; Vandeplas, Anneleen
Institution	Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Titel	Slack and Tightness: Making Sense of Post COVID-19 Labour Market Developments in the EU. Gefälligkeitsübersetzung: Flaute und Anspannung: Die Entwicklungen auf dem Arbeitsmarkt in der EU nach COVID-19.
Quelle	Brüssel (2022), 49 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2); PDF als Volltext kostenfreie Datei (3) Link als defekt meldenVerfügbarkeit
Reihe	European economy. Discussion paper. 178
Sprache	englisch
Dokumenttyp	online; Monographie
DOI	10.2765/166401
Schlagwörter	Lebensalter; Pandemie; Beschäftigungseffekt; Mismatch; Unterbeschäftigung; Arbeitskräftemangel; Arbeitslosigkeit; Arbeitsmarktentwicklung; Arbeitsplatzangebot; Qualifikation; Internationaler Vergleich; Arbeitspapier; Auswirkung; Effizienz; Einflussfaktor; Geschlechtsspezifik; Sektorale Verteilung; Europäische Union
Abstract	"This paper attempts to shed light on post-COVID-19 labour market developments across the EU, notably on the simultaneous presence of elements of slack and indications of tightness over the course of 2021. It presents available data on labour market mismatch and discusses possible dynamics going forward. In light of the strong sectoral dimension of the COVID-19 shock, the paper explores differences in the impact of the COVID-19 crisis across countries, relevant sectoral aggregates, and workers' characteristics. The paper also conducts econometric estimations with a view to gauge whether Beveridge curves have shifted upward after the COVID-19 outbreak. The results indicate a modest upward shift in the EU Beveridge curves in 2020, partly reversed in the course of 2021. Despite the fact that skill mismatch somewhat worsened in the wake of the COVID-19 pandemic, this deterioration appears to have had a very minor impact on the efficiency of labour market matching. Overall, a number of considerations suggest the simultaneous presence of labour market slack and shortages is likely to have been a temporary phenomenon. Labour shortages appear to be driven mainly by the labour market recovery and not by hampered labour market reallocation." The study refers to the period 2000-2022. (Author's abstract, IAB-Doku)..
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2023/1