Is Singapore’s Beveridge Curve Suffering From Long Covid Shifts?

Abstract

The Covid-19 pandemic has significantly impacted the way people perceive work and the economic relationship between vacancies and unemployment. This study analyses Singapore’s Beveridge curve changes since the pandemic’s onset. We find evidence of an outward shift in the curve and a steepening of the curve’s slope. The shift is mainly driven by lower matching efficiency and higher activity, and partially due to higher labour reallocation.