Job search during the COVID-19 crisis

• 成果类型: Article
• 署名作者: Hensvik, Lena; Le Barbanchon, Thomas; Rathelot, Roland
• 署名单位: Uppsala University; Bocconi University; University of Warwick
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2020.104349
• 发表日期: 2021
• 关键词: coronavirus; Search intensity; Search direction; Labour demand shock; Job vacancies; Online job board

摘要

This paper measures the job-search responses to the COVID-19 pandemic using real-time data on vacancy postings and job ad views on Sweden's largest online job board. First, new vacancy postings drop by 40%, similar to the US. Second, job seekers respond by searching less intensively, to the extent that effective labour market tightness increases during the first three months after the COVID outbreak. Third, they redirect their search towards less severely hit occupations, beyond what changes in vacancies would predict. Overall, these job-search responses have the potential to amplify the labour demand shock. (C) 2020 The Author(s). Published by Elsevier B.V.