Labor Market Tightness in Advanced Economies /
Two years after the onset of the COVID-19 pandemic, a puzzle has emerged in several advanced economies: unfilled job vacancies have increased sharply even though employment has yet to fully recover. This note sheds light on three contributing factors, namely barriers to returning to work, changing w...
| Príomhchruthaitheoir: | |
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| Rannpháirtithe: | , , , |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
2022.
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| Sraith: | Staff Discussion Notes; Staff Discussion Notes
;No. 2022/001 |
| Ábhair: | |
| Rochtain ar líne: | Full text available on IMF |
| Achoimre: | Two years after the onset of the COVID-19 pandemic, a puzzle has emerged in several advanced economies: unfilled job vacancies have increased sharply even though employment has yet to fully recover. This note sheds light on three contributing factors, namely barriers to returning to work, changing worker preferences away from certain types of jobs, and sectoral and occupational job mismatch. The note also assesses the impact of labor market tightness on wage growth, showing that it has been large for low-pay jobs but milder overall. Bringing disadvantaged groups of workers into the labor force, including by controlling the pandemic itself, would ease labor market pressures while amplifying the recovery and making it more inclusive. |
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| Cur síos ar an mír: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Cur síos fisiciúil: | 1 online resource (45 pages) |
| Formáid: | Mode of access: Internet |
| ISSN: | 2617-6750 |
| Rochtain: | Electronic access restricted to authorized BRAC University faculty, staff and students |