OECD Productivity Working Papers
- ISSN: 24139424 (online)
- https://doi.org/10.1787/24139424
Occupational reallocation and mismatch in the wake of the Covid-19 pandemic
Cross-country evidence from an online job site
Employment has recovered strongly from the COVID-19 pandemic despite large structural changes in labour markets, such as the widespread adoption of digital business models and remote work. We analyse whether the pandemic has been associated with labour reallocation across occupations and triggered mismatches between occupational labour demand and supply using novel data on employers’ job postings and jobseekers’ clicks across 19 countries from the online job site Indeed. Findings indicate that, on average across countries, the pandemic triggered large and persistent reallocation of postings and clicks across occupations. Occupational mismatch initially increased but was back to pre-pandemic levels at the end of 2022 as employers and workers adjusted to structural changes. The adjustment was substantially slower in countries that resorted to short-time work schemes to preserve employment during the pandemic.
- Click to access:
-
Click to download PDF - 2.92MBPDF