NL repository
menu
검색
Library
Browse
Communities & Collections
By Date
Authors
Titles
Subject
My Repository
My Account
Receive email updates
Edit Profile
DSpace at EWHA
사회과학대학
경제학전공
Journal papers
View : 446 Download: 0
Pandemic and employment: Evidence from COVID-19 in South Korea
Title
Pandemic and employment: Evidence from COVID-19 in South Korea
Authors
Lee J.
;
Yang H.-S.
Ewha Authors
이종관
SCOPUS Author ID
이종관
Issue Date
2022
Journal Title
Journal of Asian Economics
ISSN
1049-0078
Citation
Journal of Asian Economics vol. 78
Keywords
COVID-19
;
Difference-in-differences
;
Employment
;
Pandemic
;
South Korea
;
Synthetic control method
Publisher
Elsevier B.V.
Indexed
SSCI; SCOPUS
Document Type
Article
Abstract
Using two complementary approaches, this study examines the deterioration of the Korean labor market during the first 10 months of the global COVID-19 pandemic. Applying the synthetic control method, we first find that the COVID-19 outbreak has eliminated 1.1 million jobs (4.2% of nonfarm employment) nationwide in April 2020. However, a difference-in-differences approach shows that local variation in COVID-19 intensity, which captures the “regional” effect of the pandemic, explains only 9% of the national shock. The portion of the regional effect remains low until December. This is mainly because the nationwide fear and policies such as social distancing measures also have a “common” effect on local economies. Our findings suggest that the COVID-19 shock may last long in the labor market due to this common effect unless the risk of infection is completely eliminated. © 2021 Elsevier Inc.
DOI
10.1016/j.asieco.2021.101432
Appears in Collections:
사회과학대학
>
경제학전공
>
Journal papers
Files in This Item:
There are no files associated with this item.
Export
RIS (EndNote)
XLS (Excel)
XML
Show full item record
Find@EWHA
트윗하기
BROWSE
Communities & Collections
By Date
Authors
Titles
Subject