Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298415 
Year of Publication: 
2022
Series/Report no.: 
Economic Memo No. 9
Publisher: 
Danmarks Nationalbank, Copenhagen
Abstract: 
Since the beginning of the covid-19 pandemic, matching in the Danish labour market seems to have been dampened: Fewer workers are being hired than the number of unemployed job seekers and open vacancies would lead to believe. Furthermore, employers report a stark increase in failed recruiting efforts since mid-2021. In this memo, I discuss one potential explanation: mismatch in the labour market between vacancies and job seekers. I build two indicators of mismatch in the Danish labour market that can be used to study such developments since 2008. Both measures indicate that mismatch increased a lot during the 2008 Great Recession. In subsequent years, mismatch recovered only partly. The increase in mismatch during the pandemic was noticeable, but much less than during the Great Recession. There is no clear evidence that mismatch significantly dampened the Danish recovery in late 2021, or contributed to the employers' reported hiring difficulties in that period.
Document Type: 
Research Report

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