Labor Supply Shocks and the Beveridge Curve. Empirical Evidence from EU Enlargement

Stefan Schiman

No 606, WIFO Working Papers from WIFO

Abstract: Labor supply shocks can have substantial effects on the Beveridge Curve. Structural VARs with sign restrictions show that the shocks associated with the free movement of workers from Eastern Europe have temporarily increased unemployment in Austria, a major destination country, by 25 percent and job vacancies by 40 percent. The 2 percent increase in total employment was accompanied by a temporary decline in the employment of domestic workers. The greatest impact is seen in regions bordering on the home countries of the migrant workers. Beyond these findings the paper addresses empirical regularities of labor supply shocks that are at odds with theoretical predictions.

Keywords: labour supply shocks; Beveridge curve; job-related migration; sign restrictions; structural VAR KP_Berichte_Analysen (search for similar items in EconPapers)
Pages: 38 pages
Date: 2020-08
New Economics Papers: this item is included in nep-mig and nep-ure
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Citations: View citations in EconPapers (6)

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Journal Article: Labor Supply Shocks and the Beveridge Curve: Empirical Evidence from EU Enlargement (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2020:i:606

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