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SINGAPORE'S BEVERIDGE CURVE : A Comparative Study of the Unemployment and Vacancy Relationship for Selected East Asian Countries

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Author Info

  • Edward Teo

    (SCAPE)

  • Shandre M. Thangavelu
  • Elizabeth Quah
Registered author(s):

    Abstract

    This paper explores the relationship between unemployment (U) and job vacancies (V) in the Singapore labour market. Empirical analysis using the framework of the UV Curve (also known as the Beveridge Curve) indicates that Singapores labour market appears to have improved in its matching efficiency as compared to other East-Asian countries. However, detailed study of Beveridge Curve for the Singapore economy reveals that it has become more inelastic since the Asian crisis, thereby suggesting that the labour market is less responsive in recent years. This might suggest the possibility that employers are now more cautious and selective in their employment decisions.

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    File URL: http://www.eaber.org/node/22578
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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Labor Economics Working Papers with number 22578.

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    Date of creation: Jan 2005
    Date of revision:
    Handle: RePEc:eab:laborw:22578

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    Postal: JG Crawford Building #13, Asia Pacific School of Economics and Government, Australian National University, ACT 0200
    Web page: http://www.eaber.org
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    Related research

    Keywords: unemployment; job vacancies; labour; Beveridge Curve; East-Asian; Singapore;

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    References

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    1. Wall, Howard & Zoega, Gylfi, 1997. "The British Beveridge Curve: A Tale of Ten Regions," CEPR Discussion Papers 1771, C.E.P.R. Discussion Papers.
    2. repec:ubc:bricol:92-28 is not listed on IDEAS
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    Cited by:
    1. Shandre Thangavelu & Hu Guangzhou, 2006. "Lessons from “Benchmark” Countries: Korea & Ireland," SCAPE Policy Research Working Paper Series 0614, National University of Singapore, Department of Economics, SCAPE.
    2. Shandre M. Thangavelu & Hu Guangzhou, 2006. "Lessons from "benchmark" countries : Korea & Ireland," Labor Economics Working Papers 21820, East Asian Bureau of Economic Research.

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