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

Edward Teo, Shandre M. Thangavelu and Elizabeth Quah
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Edward Teo: SCAPE

Labor Economics Working Papers from East Asian Bureau of Economic Research

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.

Keywords: unemployment; job vacancies; labour; Beveridge Curve; East-Asian; Singapore (search for similar items in EconPapers)
JEL-codes: E24 J61 J64 (search for similar items in EconPapers)
Date: 2005-01
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Citations: View citations in EconPapers (5)

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