## Shifting the Beveridge Curve: What Affects Labor Market Matching?

_IMF Working Papers, April 12, 2016_

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## Bibliographic details
- Authors: Elva Bova, João Tovar Jalles, Christina Kolerus
- Published: April 12, 2016
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484326466.001

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### Overview
- 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.

### Methodology
- 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).

### Key findings
- 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:
  - the higher the share of employees with intermediate levels of education in the labor force,
  - when long-term unemployment is more pronounced.
- Passive labor market policies, such as unemployment benefits, render matching significantly more difficult.
- Labor taxation renders matching significantly more difficult.

### Policy implications and recommendations
- Active labor market policies can facilitate labor market matching. Examples highlighted:
  - incentives for start-up programs,
  - job sharing programs.
- Passive labor market policies and labor taxation should be evaluated for their adverse effects on matching efficiency.

*Source: Shifting the Beveridge Curve: What Affects Labor Market Matching? — Elva Bova, João Tovar Jalles, Christina Kolerus; April 12, 2016.*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/shifting-the-beveridge-curve-what-affects-labor-market-matching-43867_