Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/224138
Authors: 
Schiman, Stefan
Year of Publication: 
2020
Series/Report no.: 
WIFO Working Papers No. 606
Abstract: 
Labor supply shocks can have substantial effects on the Beveridge Curve. Structural VARs with sign restrictions show that the shocks associated with the free movement of workers from Eastern Europe have temporarily increased unemployment in Austria, a major destination country, by 25 percent and job vacancies by 40 percent. The 2 percent increase in total employment was accompanied by a temporary decline in the employment of domestic workers. The greatest impact is seen in regions bordering on the home countries of the migrant workers. Beyond these findings the paper addresses empirical regularities of labor supply shocks that are at odds with theoretical predictions.
Subjects: 
labor supply shocks
Beveridge Curve
job-related migration
signrestrictions
structural VAR
JEL: 
C32
F66
J21
J63
Document Type: 
Working Paper

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