Recovery from the COVID-19 Recession: Uneven Effects among Young Workers?

Autor/inn/en	Chatterji, Pinka; Li, Yue
Institution	National Bureau of Economic Research
Titel	Recovery from the COVID-19 Recession: Uneven Effects among Young Workers? Gefälligkeitsübersetzung: Erholung von der COVID-19-Rezession: Ungleiche Auswirkungen bei jungen Arbeitnehmern?
Quelle	Cambridge, Mass. (2021), 31 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper. 29307
Sprache	englisch
Dokumenttyp	online; Monographie
DOI	10.3386/w29307
Schlagwörter	Pandemie; Beschäftigungseffekt; Lohnentwicklung; Beschäftigungsentwicklung; Arbeitslosigkeit; Arbeitszeitentwicklung; Erwerbsbeteiligung; Qualifikation; Finanzielle Beihilfe; Auswirkung; Einflussfaktor; Entwicklung; Institution; Jugendlicher; Junger Erwachsener; USA
Abstract	"We test for heterogeneity in the effects of the COVID-19 recession on young workers by estimating month-by-month effects of the pandemic on labor market outcomes among workers aged 15-19 and aged 20-24. We use CPS data from January 2016 to June 2021, limiting the sample to childless individuals who lack a college degree. In the younger group (aged 15-19), we observe the expected sharp reduction in outcomes at the start of the pandemic, followed by a return to pre-pandemic levels of work hours, employment, and labor force participation starting in September 2020, with outcomes even surpassing pre-pandemic levels in April and May 2021. In the older age group (20-24-year-olds), however, work hours, employment, and labor force participation were still lagging below pre-pandemic levels as of June 2021. As of June 2021, weekly earnings and hourly wages were higher than typical pre-pandemic levels for that month for both age groups. Although we cannot test directly whether enhanced UI programs have played a role in these differences by age group, our findings show that within the 15-24-year-old age group, there is significant heterogeneity in labor market recovery from the COVID-19 recession." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2022/2