Mismatch on the Dutch Labour Market in the Great Recession
Hugo Erken (),
Eric Loon and
Wouter Verbeek
De Economist, 2015, vol. 163, issue 4, 435-459
Abstract:
We study if labour market mismatch has increased in the Netherlands during the Great Recession. First, we estimate a so-called “steady-state” Beveridge curve based on labour market flows. An outward shift of this curve implies decreasing matching efficiency. Second, we construct a mismatch index which enables us to calculate the contribution of sector mismatch to the increase in unemployment. Our analyses show little support for the hypothesis that mismatch is currently a significant problem for the Dutch labour market. At the aggregate level, the Beveridge curve has not shifted outwards. In addition, at most one-ninth of the Dutch unemployment rise can be attributed to sector mismatch, which is comparable to the contribution during the previous downturn. Copyright Springer Science+Business Media New York 2015
Keywords: Beveridge curve; Mismatch; Labour market; Unemployment; Vacancies; Great Recession; E20; E24; J63; J69 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:kap:decono:v:163:y:2015:i:4:p:435-459
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DOI: 10.1007/s10645-015-9257-9
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