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

Author

Listed:
  • Edward Teo

    (SCAPE)

  • Shandre M. Thangavelu
  • Elizabeth Quah

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.

Suggested Citation

  • Edward Teo & Shandre M. Thangavelu & Elizabeth Quah, 2005. "SINGAPORE'S BEVERIDGE CURVE : A Comparative Study of the Unemployment and Vacancy Relationship for Selected East Asian Countries," Labor Economics Working Papers 22578, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:laborw:22578
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    File URL: http://www.eaber.org/node/22578
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    References listed on IDEAS

    as
    1. Wall, Howard J & Zoega, Gylfi, 2002. " The British Beveridge Curve: A Tale of Ten Regions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 64(3), pages 261-280, July.
    2. repec:ubc:bricol:92-28 is not listed on IDEAS
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    Cited by:

    1. Bahar Bayraktar Saglam & Burak Gunalp, 2012. "The Beveridge curve and labour market dynamics in Turkey," Applied Economics, Taylor & Francis Journals, vol. 44(24), pages 3195-3202, August.
    2. Shandre M. Thangavelu & Hu Guangzhou, 2006. "Lessons from "benchmark" countries : Korea & Ireland," Labor Economics Working Papers 21820, East Asian Bureau of Economic Research.
    3. repec:wsi:serxxx:v:56:y:2011:i:03:n:s0217590811004353 is not listed on IDEAS

    More about this item

    Keywords

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

    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
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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