Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market
This paper uses administrative, survey, and online vacancy data to analyze the short-term labor market impacts of the COVID-19 lockdown in Greece. The analysis finds that flows into unemployment have not increased; instead, separations were lower t...
| Main Authors: | , , , , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/912421597159350279/Reacting-Quickly-and-Protecting-Jobs-The-Short-Term-Impacts-of-the-COVID-19-Lockdown-on-the-Greek-Labor-Market http://hdl.handle.net/10986/34353 |
| Summary: | This paper uses administrative, survey,
and online vacancy data to analyze the short-term labor
market impacts of the COVID-19 lockdown in Greece. The
analysis finds that flows into unemployment have not
increased; instead, separations were lower than would have
been expected given trends in recent years. At the same
time, employment was about 12 percent lower at the end of
June than it would have been without the pandemic. The
interrupted time-series and difference-in-differences
estimates indicate that this was due to a dramatic slowdown
in hiring during months when job creation typically peaks in
normal years, mostly in tourism. Although the reasons for
these patterns are not formally tested, the analysis
suggests that the measures introduced to mitigate the
effects of the crisis in Greece played an important role.
These measures prohibited layoffs in industries affected by
the crisis and tied the major form of income support to the
maintenance of employment relationships. |
|---|