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SINGAPORE'S BEVERIDGE CURVE : A Comparative Study of the Unemployment and Vacancy Relationship for Selected East Asian Countries

Author

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  • Edward Teo

    (SCAPE)

  • Shandre M. Thangavelu
  • Elizabeth Quah

Abstract

This paper explores the relationship between unemployment (U) and job vacancies (V) in the Singapore labour market. Empirical analysis using the framework of the UV Curve (also known as the Beveridge Curve) indicates that Singapores labour market appears to have improved in its matching efficiency as compared to other East-Asian countries. However, detailed study of Beveridge Curve for the Singapore economy reveals that it has become more inelastic since the Asian crisis, thereby suggesting that the labour market is less responsive in recent years. This might suggest the possibility that employers are now more cautious and selective in their employment decisions.

Suggested Citation

  • Edward Teo & Shandre M. Thangavelu & Elizabeth Quah, 2005. "SINGAPORE'S BEVERIDGE CURVE : A Comparative Study of the Unemployment and Vacancy Relationship for Selected East Asian Countries," Labor Economics Working Papers 22578, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:laborw:22578
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    References listed on IDEAS

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    1. repec:bla:obuest:v:64:y:2002:i:3:p:261-80 is not listed on IDEAS
    2. Howard J. Wall & Gylfi Zoega, 2002. "The British Beveridge curve: A tale of ten regions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 64(3), pages 257-276, July.
    3. repec:ubc:bricol:92-28 is not listed on IDEAS
    4. René Böheim & Michael Christl, 2021. "Mismatch unemployment in Austria," Economics working papers 2021-06, Department of Economics, Johannes Kepler University Linz, Austria.
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    Cited by:

    1. Bahar Bayraktar Saglam & Burak Gunalp, 2012. "The Beveridge curve and labour market dynamics in Turkey," Applied Economics, Taylor & Francis Journals, vol. 44(24), pages 3195-3202, August.
    2. Lee, King Fuei, 2023. "Is Singapore’s Beveridge Curve Suffering From Long Covid Shifts?," MPRA Paper 117841, University Library of Munich, Germany.
    3. Shandre M. Thangavelu & Hu Guangzhou, 2006. "Lessons from "benchmark" countries : Korea & Ireland," Labor Economics Working Papers 21820, East Asian Bureau of Economic Research.
    4. Thirunaukarasu Subramaniam & Ahmad Zubaidi Baharumshah, 2011. "Unemployment And Speed Of Adjustment In Asean-3 Economies: A Cointegration Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 56(03), pages 327-347.

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    More about this item

    Keywords

    unemployment; job vacancies; labour; Beveridge Curve; East-Asian; Singapore;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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