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Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 17268
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
Temporary economic shocks can have enduring effects on individuals and their career trajectories. This paper investigates the labour market effects of the Covid- 19 pandemic on newly unemployed individuals, the underlying mechanisms as well as occupation-specific effect heterogeneity. The results indicate long-lasting earnings losses due to the pandemic, which can be explained by a decline in employment in the short run and a decline in wages in the longer run. We further find that the lower the lockdown work ability of a worker's previous occupation, the greater the adverse effects of the pandemic.
Schlagwörter: 
economic shocks
COVID-19
unemployment
worker careers
occupations
JEL: 
J23
J62
J64
Dokumentart: 
Working Paper

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