Hit Harder, Recover Slower? Unequal Employment Effects of the Covid-19 Shock / Sang Yoon (Tim) Lee, Minsung Park, Yongseok Shin.

Format:

Book

Author/Creator:

Lee, Sang Yoon (Tim).

Contributor:

National Bureau of Economic Research.

Park, Minsung.

Shin, Yongseok.

Series:

Working Paper Series (National Bureau of Economic Research) no. w28354.

NBER working paper series no. w28354

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2021.

Summary:

The destructive economic impact of the Covid-19 pandemic was distributed unequally across the population. Gender, race and ethnicity, age, education level, and a worker's industry and occupation all mattered. We analyze the initial negative effect and the lingering effect through the recovery phase across demographic and socio-economic groups. The initial negative impact on employment was larger for women, minorities, the less educated, and the young, even after accounting for the industries and occupations they worked in. By November 2020, however, the differential impact between men and women, and between education and age groups has vanished. Across race and ethnic groups, Hispanics and Asians were the worse hit but made up for most of the lost ground, while the initial impact on Blacks was smaller but recovery slower.

Notes:

Print version record

January 2021.