COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis

@article{ART002688635},
author={ 남민혁 and 이수형 },
title={COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis},
journal={Seoul Journal of Economics},
issn={1225-0279},
year={2021},
volume={34},
number={1},
pages={43-80},
doi={10.22904/sje.2021.34.1.004},
url={http://dx.doi.org/10.22904/sje.2021.34.1.004}

TY - JOUR
AU - 남민혁
AU - 이수형
TI - COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis
T2 - Seoul Journal of Economics
PY - 2021
VL - 34
IS - 1
PB - 경제연구소
SP - 43-80
SN - 1225-0279
AB - We examine the impact of COVID-19 on employment in South Korea as of June 2020. To estimate the causal effect, we use two complementary methods. First, using individual-level data without residence information, we estimate the effects by controlling for detailed characteristics of individuals. Second, using aggregate data without individual characteristics, we exploit the regional variation in the intensity of COVID-19 to measure the effects. We find that the COVID-19 pandemic decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90%–140% larger than those of the 2008 Financial Crisis.
KW - COVID-19, Financial Crisis, Unemployment, Employment
DO - 10.22904/sje.2021.34.1.004
UR - http://dx.doi.org/10.22904/sje.2021.34.1.004
ER -

남민혁 and 이수형 (2021). COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis. Seoul Journal of Economics, 34( 1), 43- 80.

남민혁 and 이수형 . 2021, “COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis”, Seoul Journal of Economics, vol. 34, no. 1, pp. 43-80. Available from: doi:10.22904/sje.2021.34.1.004

남민혁 이수형 et al. “COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis” Seoul Journal of Economics 34.1 pp. 43-80 (2021): 43.

남민혁 , 이수형 . COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis Seoul Journal of Economics [Internet]. 2021; 34( 1), : 43-80. Available from: doi:10.22904/sje.2021.34.1.004

남민혁 and 이수형 . “COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis” Seoul Journal of Economics 34, no.1 (2021): 43-80. doi: 10.22904/sje.2021.34.1.004

홈 권호 목록 논문 목록 논문 상세

COVID-19 and Employment in South Korea: Trends and Comparison with the 2008 Financial Crisis

Seoul Journal of Economics

약어 : -

2021, vol.34, no.1, pp.43 - 80

DOI : 10.22904/sje.2021.34.1.004

발행기관 : 경제연구소

연구분야 : 경제학

남민혁¹ , 이수형²

¹Sogang University

²서울대학교

인용한 논문 수 : - 서지 간략 보기

초록

We examine the impact of COVID-19 on employment in South Korea as of June 2020. To estimate the causal effect, we use two complementary methods. First, using individual-level data without residence information, we estimate the effects by controlling for detailed characteristics of individuals. Second, using aggregate data without individual characteristics, we exploit the regional variation in the intensity of COVID-19 to measure the effects. We find that the COVID-19 pandemic decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90%–140% larger than those of the 2008 Financial Crisis.