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Is Singapore’s Beveridge Curve Suffering From Long Covid Shifts?

Author

Listed:
  • King Fuei Lee

    (Schroder Investment Management)

Abstract

The Covid-19 pandemic has significantly impacted the way people perceive work and the economic relationship between vacancies and unemployment. This study analyses Singapore’s Beveridge curve changes since the pandemic’s onset. We find evidence of an outward shift in the curve and a steepening of the curve’s slope. The shift is mainly driven by lower matching efficiency and higher activity, and partially due to higher labour reallocation.

Suggested Citation

  • King Fuei Lee, 2024. "Is Singapore’s Beveridge Curve Suffering From Long Covid Shifts?," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 4(4), pages 1-6.
    • Handle: RePEc:ayb:jrnael:113
    DOI: 2024/07/08
    as

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    References listed on IDEAS

    as
    1. Hoyt Bleakley & Jeffrey C. Fuhrer, 1997. "Shifts in the Beveridge Curve, job matching, and labor market dynamics," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 3-19.
    2. Olivier J Blanchard & Alex Domash & Lawrence H. Summers, 2022. "Bad news for the Fed from the Beveridge space," Policy Briefs PB22-7, Peterson Institute for International Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Beveridge curve; Singapore; Covid-19 pandemic; Vacancy rate; Unemployment rate;
    All these keywords.

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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