Unveiling the dynamic job-matching landscape in the post-COVID-19 labour market through the lens of the Beveridge curve

• DOI: 10.15678/ier.2024.1001.06
• Publication Date: 2024-05-14T17:28:01Z
• Authors: Małgorzata Snarska; Jerzy P. Rydlewski
• Keywords: Beveridge curve; 2019-20 coronavirus outbreak; Job creation; Job market

Objective: The objective of the article is identification and assessment labour market operation efficiency stability matching mechanisms from microstructure perspective dynamics via relationship between distortions in level slope Beveridge curve. We studied US identified potential structural changes job mechanisms. long-term curve suggested that underlying unemployment matched market's elasticity response to vacancies. Research Design & Methods: main design our was a quantitative analysis shifts. used data set consisting monthly information on vacancies rate 2000 2022. Using dynamic rolling scheme with fixed window size, we extracted time series parameters then proceed apply VECM(1) model establish these parameters. Findings: have found mechanism long term relatively weaker or instantaneous adjustment short term. also addressed absence evidence regarding Granger causality its implications. Implications Recommendations: should guide policymakers towards integrated adaptive strategies address both aspects market. Regular monitoring evaluation will be crucial ensuring policies remain effective evolving economic landscape. Contribution Value Added: Unlike previous literature subject, which primarily relied static analyses limited frames, took pioneering step by incorporating spanning over two decades, This inclusion allowed us encompass period COVID-19 outbreak, providing comprehensive understanding mechanism's behaviour as cornerstone for entrepreneurship during times extraordinary stress.