Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/212310
Authors: 
Bonthuis, Boele
Jarvis, Valerie
Vanhala, Juuso
Year of Publication: 
2015
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 2/2015
Abstract: 
This paper analyses euro area Beveridge curves at the euro area aggregate and country level over the past 25 years. Using an autoregressive distributed lag model we find a significant outward shift in the euro area Beveridge curve since the onset of the crisis, but considerable heterogeneity at country level. We test for factors underlying these developments using the local projections method of Jordà (2005). Skill mismatch, high shares of workers in the construction sector, as well as high pre-crisis financial slack and home ownership rates appear strong determinants of outward shifts in Beveridge curves in response to a negative shock. Higher female participation rates mitigate these effects.
Subjects: 
Beveridge curve
crisis
mismatch
unemployment
labour shortages
vacancies
JEL: 
J62
J63
E24
E32
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-024-8
Document Type: 
Working Paper

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