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...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2020
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| 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 |
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okr-10986-343532022-09-20T00:10:37Z Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market Betcherman, Gordon Giannakopoulos, Nicholas Laliotis, Ioannis Pantelaiou, Ioanna Testaverde, Mauro Tzimas, Giannis CORONAVIRUS COVID-19 PANDEMIC IMPACT LABOR FORCE PARTICIPATION UNEMPLOYMENT INSURANCE BENEFIT LABOR MARKET UNEMPLOYMENT 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. 2020-08-13T15:00:51Z 2020-08-13T15:00:51Z 2020-08 Working Paper 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 English Policy Research Working Paper;No. 9356 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia Greece |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CORONAVIRUS COVID-19 PANDEMIC IMPACT LABOR FORCE PARTICIPATION UNEMPLOYMENT INSURANCE BENEFIT LABOR MARKET UNEMPLOYMENT |
| spellingShingle |
CORONAVIRUS COVID-19 PANDEMIC IMPACT LABOR FORCE PARTICIPATION UNEMPLOYMENT INSURANCE BENEFIT LABOR MARKET UNEMPLOYMENT Betcherman, Gordon Giannakopoulos, Nicholas Laliotis, Ioannis Pantelaiou, Ioanna Testaverde, Mauro Tzimas, Giannis Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market |
| geographic_facet |
Europe and Central Asia Greece |
| relation |
Policy Research Working Paper;No. 9356 |
| description |
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. |
| format |
Working Paper |
| author |
Betcherman, Gordon Giannakopoulos, Nicholas Laliotis, Ioannis Pantelaiou, Ioanna Testaverde, Mauro Tzimas, Giannis |
| author_facet |
Betcherman, Gordon Giannakopoulos, Nicholas Laliotis, Ioannis Pantelaiou, Ioanna Testaverde, Mauro Tzimas, Giannis |
| author_sort |
Betcherman, Gordon |
| title |
Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market |
| title_short |
Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market |
| title_full |
Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market |
| title_fullStr |
Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market |
| title_full_unstemmed |
Reacting Quickly and Protecting Jobs : The Short-Term Impacts of the COVID-19 Lockdown on the Greek Labor Market |
| title_sort |
reacting quickly and protecting jobs : the short-term impacts of the covid-19 lockdown on the greek labor market |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
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 |
| _version_ |
1764480721229971456 |