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Job Search during the COVID-19 Crisis

Author

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  • Hensvik, Lena

    (Uppsala University)

  • Le Barbanchon, Thomas

    (Bocconi University)

  • Rathelot, Roland

    (University of Warwick)

Abstract

This paper measures the job-search responses to the COVID-19 pandemic using realtime data on vacancy postings and ad views on Sweden’s largest online job board. First, the labour demand shock in Sweden is as large as in the US, and affects industries and occupations heterogeneously. Second, the scope and direction of search change. Job seekers respond to the shock by searching less intensively and by redirecting their search towards less severely hit occupations, beyond what changes in labour demand would predict. The redirection of job search changes relative hiring costs, and has the potential to amplify labour demand shifts.

Suggested Citation

  • Hensvik, Lena & Le Barbanchon, Thomas & Rathelot, Roland, 2020. "Job Search during the COVID-19 Crisis," CAGE Online Working Paper Series 473, Competitive Advantage in the Global Economy (CAGE).
  • Handle: RePEc:cge:wacage:473
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    Cited by:

    1. Simon Mongey & Laura Pilossoph & Alexander Weinberg, 2021. "Which workers bear the burden of social distancing?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(3), pages 509-526, September.
    2. Marinescu, Ioana & Skandalis, Daphné & Zhao, Daniel, 2021. "The impact of the Federal Pandemic Unemployment Compensation on job search and vacancy creation," Journal of Public Economics, Elsevier, vol. 200(C).
    3. Forsythe, Eliza & Kahn, Lisa B. & Lange, Fabian & Wiczer, David, 2020. "Labor demand in the time of COVID-19: Evidence from vacancy postings and UI claims," Journal of Public Economics, Elsevier, vol. 189(C).
    4. Hanming Fang & Chunmian Ge & Hanwei Huang & Hongbin Li, 2020. "Pandemics, global supply chains and local labor demand: evidence from 100 million posted jobs in China," CEP Discussion Papers dp1730, Centre for Economic Performance, LSE.
    5. Kim, Seonghoon & Koh, Kanghyock & Zhang, Xuan, 2020. "Short-Term Impact of COVID-19 on Consumption and Labor Market Outcomes: Evidence from Singapore," IZA Discussion Papers 13354, Institute of Labor Economics (IZA).
    6. Betcherman, Gordon & Giannakopoulos, Nicholas & Laliotis, Ioannis & Pantelaiou, Ioanna & Testaverde, Mauro & Tzimas, Giannis, 2020. "Reacting quickly and protecting jobs: The short-term impacts of the COVID-19 lockdown on the Greek labor market," GLO Discussion Paper Series 613, Global Labor Organization (GLO).
    7. Hakan Yilmazkuday, 2020. "Unequal unemployment effects of COVID-19 and monetary policy across U.S. States," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 4(S3), pages 45-53, December.
    8. Cristina PRUND, 2020. "The Abrupt Fall Of The Labor Market: The Case Of The European Labor Market And The Impact Generated By Covid-19," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 722-730, November.
    9. Wolter H. J. Hassink & Guyonne Kalb & Jordy Meekes, 2021. "Regional Coronavirus Hotspots During the COVID-19 Outbreak in the Netherlands," De Economist, Springer, vol. 169(2), pages 127-140, May.
    10. Monica Costa Dias & Ella Johnson-Watts & Robert Joyce & Fabien Postel-Vinay & Peter Spittal & Xiaowei Xu, 2021. "Worker Mobility and Labour Market Opportunities," Bristol Economics Discussion Papers 21/753, School of Economics, University of Bristol, UK.
    11. Lea Immel & Florian Neumeier & Andreas Peichl, 2021. "The Unequal Consequences of the Covid-19 Pandemic: Evidence from a Large Representative German Population Survey," CESifo Working Paper Series 9038, CESifo.

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    More about this item

    Keywords

    coronavirus; search intensity; search direction; labour demand shock; job vacancies; online job board JEL Classification: J22; J23; J21; J62; J63; J64; E24;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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