02156cas a2200349 a 4500 AALejournalIMF022589 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400204340 2617-6750 BD-DhAAL BD-DhAAL Duval, Romain. Labor Market Tightness in Advanced Economies / Romain Duval, Yi Ji, Longji Li, Myrto Oikonomou, Carlo Pizzinelli. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (45 pages) Staff Discussion Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Aggregate Human Capital imf Employment imf Intergenerational Income Distribution imf Unemployment imf Wages imf Ji, Yi. Li, Longji. Oikonomou, Myrto. Pizzinelli, Carlo. Staff Discussion Notes; Staff Discussion Notes ;No. 2022/001 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2617-6750&volume=2022&issue=001 IMF e-Library