Labour shortage in the Netherlands after 2021

Master thesis (2023)

Authors

D.J. de Bruin Technology, Policy and Management

Contributors

S.T.H. Storm Economics of Technology and Innovation - TPM (mentor)
U. Pesch (mentor)
Faculty
Technology, Policy and Management, Technology, Policy and Management
Copyright: © 2023 Douwe de Bruin
More Info
expand_more

Published Date

24-08-2023

Language

English

Reuse Rights

Other than for strictly personal use, it is not permitted to download, forward or distribute the text or part of it, without the consent of the author(s) and/or copyright holder(s), unless the work is under an open content license such as Creative Commons.

Faculty

Technology, Policy and Management

Abstract

This thesis investigates the unprecedented labour market tension in the Netherlands post-2021, by analyzing the core drivers behind the labour market. A framework based on labour demand and supply is made in order to study the key drivers of the labour market. Through quantitative analysis it is found that the labour market tension after 2021 is primarily caused by a surge in the demand for labour, which in turn is likely to be caused by four key factors, government spending, more expenditure due to COVID-19 savings, exogenous investments in some sectors and increased net exports. It is advised to policy makers to focus more on tempering the demand for labour, if they desire to loosen up the labour market.