Job search during the COVID-19 crisis
•In Sweden, new vacancy postings drop by 40% during the 3 months after the COVID-19 outbreak.•Job seekers decreases their search intensity by 15% during the 3 months after the COVID-19 outbreak.•Vacancy-level tightness increases by 25% during the 3 months after the COVID-19 outbreak.•Job seekers red...
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| Veröffentlicht in: | Journal of public economics Jg. 194; S. 104349 |
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| Format: | Journal Article |
| Sprache: | Englisch |
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Elsevier B.V
01.02.2021
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| ISSN: | 0047-2727, 1879-2316, 1879-2316 |
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| Abstract | •In Sweden, new vacancy postings drop by 40% during the 3 months after the COVID-19 outbreak.•Job seekers decreases their search intensity by 15% during the 3 months after the COVID-19 outbreak.•Vacancy-level tightness increases by 25% during the 3 months after the COVID-19 outbreak.•Job seekers redirect their search towards less severely hit occupations.
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. |
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| AbstractList | •In Sweden, new vacancy postings drop by 40% during the 3 months after the COVID-19 outbreak.•Job seekers decreases their search intensity by 15% during the 3 months after the COVID-19 outbreak.•Vacancy-level tightness increases by 25% during the 3 months after the COVID-19 outbreak.•Job seekers redirect their search towards less severely hit occupations.
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. 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. |
| ArticleNumber | 104349 |
| Author | Rathelot, Roland Hensvik, Lena Le Barbanchon, Thomas |
| Author_xml | – sequence: 1 givenname: Lena surname: Hensvik fullname: Hensvik, Lena organization: Uppsala University, Sweden – sequence: 2 givenname: Thomas surname: Le Barbanchon fullname: Le Barbanchon, Thomas email: lebarbanchon@unibocconi.it, thomas.le-barbanchon@ensae.fr organization: Bocconi University, Italy – sequence: 3 givenname: Roland surname: Rathelot fullname: Rathelot, Roland organization: University of Warwick, United Kingdom |
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| Keywords | Search direction J63 E24 J62 J21 J64 J23 J22 Online job board Search intensity Coronavirus Job vacancies Labour demand shock |
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| Snippet | •In Sweden, new vacancy postings drop by 40% during the 3 months after the COVID-19 outbreak.•Job seekers decreases their search intensity by 15% during the 3... 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... |
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| SubjectTerms | Coronavirus Job vacancies Labour demand shock Online job board Search direction Search intensity |
| Title | Job search during the COVID-19 crisis |
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