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dc.contributor.authorLeung, Ronen_US
dc.contributor.authorStampini, Marcoen_US
dc.contributor.authorVencatachellum, Désiréen_US
dc.date.accessioned2010-02-01en_US
dc.date.accessioned2010-07-07T12:05:46Z-
dc.date.available2010-07-07T12:05:46Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/36063-
dc.description.abstractThe financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second quarters of 2008 and 2009, employment fell by 3.8 percent. However, not all individuals were hit with the same intensity. Using labor force survey data unique in the African context, we find that human capital provided a buffer against the shock. After controlling for observable characteristics, education and experience showed the potential to entirely offset the effect of the recession on the likelihood of employment. This has important policy implications, as it strengthens the case for strategic investments in human capital, and helps identifying the unskilled as those with the highest need for social safety net interventions during the recession.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4608en_US
dc.subject.jelJ2en_US
dc.subject.jelE3en_US
dc.subject.ddc330en_US
dc.subject.keywordLabor marketsen_US
dc.subject.keywordSouth Africaen_US
dc.subject.keywordfinancial crisisen_US
dc.subject.keywordhuman capitalen_US
dc.subject.keywordbusiness cycleen_US
dc.subject.keywordemerging economiesen_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwHumankapitalen_US
dc.subject.stwQualifikationen_US
dc.subject.stwKonjunkturelle Arbeitslosigkeiten_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwSchocken_US
dc.subject.stwSüdafrikaen_US
dc.titleDoes human capital protect workers against exogenous shocks? South Africa in the 2008 - 2009 crisisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn617479763en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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