Labor Market Tightness in Advanced Economies /

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...

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Detalles Bibliográficos
Autor Principal: Duval, Romain
Outros autores: Ji, Yi, Li, Longji, Oikonomou, Myrto, Pizzinelli, Carlo
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2022.
Series:Staff Discussion Notes; Staff Discussion Notes ;No. 2022/001
Subjects:
Aggregate Human Capital
Employment
Intergenerational Income Distribution
Unemployment
Wages
Acceso en liña:Full text available on IMF
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100 1 |a Duval, Romain. 
245 1 0 |a Labor Market Tightness in Advanced Economies /  |c Romain Duval, Yi Ji, Longji Li, Myrto Oikonomou, Carlo Pizzinelli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (45 pages) 
490 1 |a Staff Discussion Notes 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
650 7 |a Aggregate Human Capital  |2 imf 
650 7 |a Employment  |2 imf 
650 7 |a Intergenerational Income Distribution  |2 imf 
650 7 |a Unemployment  |2 imf 
650 7 |a Wages  |2 imf 
700 1 |a Ji, Yi. 
700 1 |a Li, Longji. 
700 1 |a Oikonomou, Myrto. 
700 1 |a Pizzinelli, Carlo. 
830 0 |a Staff Discussion Notes; Staff Discussion Notes   |v ;No. 2022/001 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=2617-6750&volume=2022&issue=001  |z IMF e-Library 

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