Contents

Who’s Hit Hardest? The Persistence of the Employment Shock by the COVID-19 Crisis

Han, Joseph

DC Field Value Language
dc.contributor.authorHan, Joseph-
dc.date.accessioned2021-07-02T07:03:31Z-
dc.date.available2021-07-02T07:03:31Z-
dc.date.created2021.05.31-
dc.date.issued2021-05-
dc.identifier.urihttps://archives.kdischool.ac.kr/handle/11125/42193-
dc.description.abstractThe persistence of the employment shock by COVID-19 has various policy implications during the pandemic and beyond it. After evaluating the impact of the health crisis at the individual level, this study decomposes employment losses into persistent and transitory components using the observed timing of the three major outbreaks and subsequent lulls. The estimation results show that while face-to-face services were undoubtedly hit hard by the COVID-19 crisis, the sectoral shock was less persistent for temporary jobs and self-employment. Permanent jobs in the hard-hit sector showed increasingly large persistent losses through the recurring crises, indicating gradual changes in employer responses. The persistent job losses were concentrated on young and older workers in career transitions, whose losses are likely to have long-term effects. These results suggest that targeted measures to mitigate the persistent effects of the employment shock should take priority during the recovery process.en_US
dc.languageengen_US
dc.publisherKorea Development Instituteen_US
dc.titleWho’s Hit Hardest? The Persistence of the Employment Shock by the COVID-19 Crisisen_US
dc.typeArticleen_US
dc.identifier.bibliographicCitationKDI Journal of Economic Policy, vol. 43, no. 2, pp. 23-51-
dc.citation.endPage51en_US
dc.citation.number2en_US
dc.citation.startPage23en_US
dc.citation.titleKDI Journal of Economic Policyen_US
dc.citation.volume43en_US
dc.identifier.doihttps://doi.org/10.23895/kdijep.2021.43.2.23-
dc.subject.keywordCOVID-19; Employment Shock; Job Losses; Persistence; Heterogeneityen_US
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