Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/190975
Authors: 
Christl, Michael
Year of Publication: 
2019
Series/Report no.: 
GLO Discussion Paper 296
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.
Subjects: 
Beveridge curve
crisis
mismatch
unemployment
structural unemployment
vacancies
JEL: 
J62
J63
E24
E32
Document Type: 
Working Paper
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