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dc.contributor.authorLeung, Ronen
dc.contributor.authorStampini, Marcoen
dc.contributor.authorVencatachellum, Désiréen
dc.date.accessioned2010-02-01-
dc.date.accessioned2010-07-07T12:05:46Z-
dc.date.available2010-07-07T12:05:46Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4608en
dc.subject.jelJ2en
dc.subject.jelE3en
dc.subject.ddc330en
dc.subject.keywordLabor marketsen
dc.subject.keywordSouth Africaen
dc.subject.keywordfinancial crisisen
dc.subject.keywordhuman capitalen
dc.subject.keywordbusiness cycleen
dc.subject.keywordemerging economiesen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwHumankapitalen
dc.subject.stwQualifikationen
dc.subject.stwKonjunkturelle Arbeitslosigkeiten
dc.subject.stwFinanzmarktkriseen
dc.subject.stwSchocken
dc.subject.stwSüdafrikaen
dc.titleDoes human capital protect workers against exogenous shocks? South Africa in the 2008 - 2009 crisis-
dc.type|aWorking Paperen
dc.identifier.ppn617479763en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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