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Job Search during the COVID-19 Crisis

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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," IZA Discussion Papers 13237, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp13237
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    Cited by:

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    2. Francesco Capozza & Ingar Haaland & Christopher Roth & Johannes Wohlfart, 2021. "Studying Information Acquisition in the Field: A Practical Guide and Review," CEBI working paper series 21-15, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    3. 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).
    4. Bellatin, Alejandra & Galassi, Gabriela, 2022. "What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada," IZA Discussion Papers 15209, Institute of Labor Economics (IZA).
    5. 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.
    6. Balgová, Mária & Trenkle, Simon & Zimpelmann, Christian & Pestel, Nico, 2022. "Job search during a pandemic recession: Survey evidence from the Netherlands," Labour Economics, Elsevier, vol. 75(C).
    7. Carrillo-Tudela, Carlos & Comunello, Camila & Clymo, Alex & Jäckle, Annette & Visschers, Ludo & Zentler-Munro, David, 2021. "Search and Reallocation in the COVID-19 Pandemic: Evidence from the UK," IZA Discussion Papers 14582, Institute of Labor Economics (IZA).
    8. Lea Immel & Florian Neumeier & Andreas Peichl, 2022. "The Unequal Consequences of the Covid‐19 Pandemic: Evidence from a Large Representative German Population Survey," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(2), pages 471-496, June.
    9. 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.
    10. 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).
    11. D’Amuri, Francesco & De Philippis, Marta & Guglielminetti, Elisa & Lo Bello, Salvatore, 2022. "Slack and prices during Covid-19: Accounting for labor market participation," Labour Economics, Elsevier, vol. 75(C).
    12. 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).
    13. 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.
    14. 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.
    15. 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).
    16. Zeng, Xiangquan & Chu, Shuai & Chen, Xuan, 2022. "China's Labor Market Demand in the Shadow of COVID-19: Evidence from an Online Job Board," IZA Discussion Papers 15201, Institute of Labor Economics (IZA).
    17. 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.
    18. Zeng, Xiangquan & Chu, Shuai & Chen, Xuan, 2022. "China's Labor Market Demand in the Shadow of COVID-19: Evidence from an Online Job Board," GLO Discussion Paper Series 1074, Global Labor Organization (GLO).
    19. Nicola Raimo & Pedro-José Martínez-Córdoba & Bernardino Benito & Filippo Vitolla, 2021. "The Impact of the COVID-19 Pandemic on the Labor Market: An Analysis of Supply and Demand in the Spanish Municipalities," Sustainability, MDPI, vol. 13(23), pages 1-12, November.
    20. Alejandra Bellatin & Gabriela Galassi, 2022. "What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada," Staff Working Papers 22-17, Bank of Canada.
    21. Eliza Forsythe & Lisa B. Kahn & Fabian Lange & David G. Wiczer, 2022. "Where Have All the Workers Gone? Recalls, Retirements, and Reallocation in the COVID Recovery," NBER Working Papers 30387, National Bureau of Economic Research, Inc.
    22. Rudy Arthur, 2021. "Studying the UK job market during the COVID-19 crisis with online job ads," PLOS ONE, Public Library of Science, vol. 16(5), pages 1-24, May.
    23. Péter Benczúr & István Kónya, 2022. "Convergence to the Centre," Contributions to Economics, in: László Mátyás (ed.), Emerging European Economies after the Pandemic, chapter 0, pages 1-51, Springer.
    24. Sotiris Blanas & Rigas Oikonomou, 2022. "Covid-induced Economic Uncertainty, Tasks, and Occupational Demand," LIDAM Discussion Papers IRES 2022002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

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    More about this item

    Keywords

    COVID-19; coronavirus; search intensity; search direction; labour demand shock; job vacancies; online job board;
    All these keywords.

    JEL classification:

    • 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
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • 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
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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