A Beveridge curve decomposition for Austria: did the liberalisation of the Austrian labour market shift the Beveridge curve?

Michael Christl

Journal for Labour Market Research, 2020, vol. 54, issue 1, Article 7

Abstract: "The Austrian Beveridge curve shifted in 2014, leading to ongoing academic discussions about the reasons behind this shift. While some have argued that the shift was caused by a supply shock due to labour market liberalization, others have stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in Austria after 2011 can indeed be attributed to a supplyside shock. But, contrary to other research, our analysis shows that the shift in the Beveridge curve after 2014 was mainly caused by a decrease in matching efficiency, indicating a rising mismatch problem in the Austrian labour market." (Author's abstract, IAB-Doku) ((en))

Keywords: Österreich; Beveridgekurve; Effizienz; Arbeitslosigkeitsentwicklung; matching; mismatch; offene Stellen; Arbeitslosenquote; 2004-2016 (search for similar items in EconPapers)
Date: 2020-07-03
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Citations: View citations in EconPapers (4)

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DOI: 10.1186/s12651-020-00271-z

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