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

Lee, King Fuei (2023): Is Singapore’s Beveridge Curve Suffering From Long Covid Shifts? Forthcoming in: Asian Economic Letters

Abstract

The Covid-19 pandemic has significantly impacted the way people think of work and the economic relationship between vacancies and unemployment. This paper analyses the Beveridge curve changes of Singapore 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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Beveridge curve, Singapore, Covid-19 pandemic, vacancy rate, unemployment rate
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J60 - General

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