EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >

Please use this identifier to cite or link to this item:

Full metadata record

DC FieldValueLanguage
dc.contributor.authorLeung, Ronen_US
dc.contributor.authorStampini, Marcoen_US
dc.contributor.authorVencatachellum, Désiréen_US
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.publisherInstitute for the Study of Labor (IZA) Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4608en_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.stwKonjunkturelle Arbeitslosigkeiten_US
dc.titleDoes human capital protect workers against exogenous shocks? South Africa in the 2008 - 2009 crisisen_US
dc.typeWorking Paperen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

Files in This Item:
File Description SizeFormat
617479763.pdf143.9 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.