{
  "title": "Shifting the Beveridge Curve: What Affects Labor Market Matching?",
  "publication": "IMF Working Papers, April 12, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/shifting-the-beveridge-curve-what-affects-labor-market-matching-43867",
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  "summary": "This paper explores conditions and policies that could affect the matching between labor demand and supply. We identify shifts in the Beveridge curves for 12 OECD countries between 2000Q1 and 2013Q4 using three complementary methodologies and analyze the short-run determinants of these shifts by mea",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Authors: Elva Bova, João Tovar Jalles, Christina Kolerus\n- Date: April 12, 2016\n- Scope: Analysis of shifts in the Beveridge curves for 12 OECD countries between 2000Q1 and 2013Q4 and short-run determinants of those shifts using limited-dependent variable models."
    },
    {
      "heading": "Methodology",
      "content": "- Identification of Beveridge curve shifts for 12 OECD countries between 2000Q1 and 2013Q4 using three complementary methodologies.\n- Analysis of short-run determinants of shifts via limited-dependent variable models (probit-type approaches referenced)."
    },
    {
      "heading": "Key findings",
      "content": "- Labor force growth reduces the likelihood of an outward shift in the Beveridge curve.\n- Employment protection legislation reduces the likelihood of an outward shift in the Beveridge curve.\n- The matching process is more difficult:\n  - the higher the share of employees with intermediate levels of education in the labor force,\n  - when long-term unemployment is more pronounced.\n- Passive labor market policies, such as unemployment benefits, render matching significantly more difficult.\n- Labor taxation renders matching significantly more difficult."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Active labor market policies can facilitate labor market matching. Examples highlighted:\n  - incentives for start-up programs,\n  - job sharing programs.\n- Passive labor market policies and labor taxation should be evaluated for their adverse effects on matching efficiency.\n\nSource: Shifting the Beveridge Curve: What Affects Labor Market Matching? — Elva Bova, João Tovar Jalles, Christina Kolerus; April 12, 2016.\n\n---\n\n Content in this bundle\n\n- wp1693 - Appendix A\n  - wp1693 - Appendix A (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1693 - Appendix A (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/shifting-the-beveridge-curve-what-affects-labor-market-matching-43867"
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    "Authors: Elva Bova, João Tovar Jalles, Christina Kolerus",
    "Published: April 12, 2016",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484326466.001",
    "Authors: Elva Bova, João Tovar Jalles, Christina Kolerus",
    "Date: April 12, 2016",
    "Scope: Analysis of shifts in the Beveridge curves for 12 OECD countries between 2000Q1 and 2013Q4 and short-run determinants of those shifts using limited-dependent variable models.",
    "Identification of Beveridge curve shifts for 12 OECD countries between 2000Q1 and 2013Q4 using three complementary methodologies.",
    "Analysis of short-run determinants of shifts via limited-dependent variable models (probit-type approaches referenced).",
    "Labor force growth reduces the likelihood of an outward shift in the Beveridge curve.",
    "Employment protection legislation reduces the likelihood of an outward shift in the Beveridge curve.",
    "The matching process is more difficult:",
    "Passive labor market policies, such as unemployment benefits, render matching significantly more difficult.",
    "Labor taxation renders matching significantly more difficult.",
    "Active labor market policies can facilitate labor market matching. Examples highlighted:",
    "Passive labor market policies and labor taxation should be evaluated for their adverse effects on matching efficiency.",
    "**_wp1693 - Appendix A**"
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