The Heterogeneous Labor Market Impacts of the Covid-19 Pandemic

37 Pages Posted: 30 Jun 2020

See all articles by Guido Matias Cortes

Guido Matias Cortes

York University

Eliza Forsythe

University of Illinois at Urbana-Champaign

Date Written: June 24, 2020

Abstract

We study the distributional consequences of the COVID-19 pandemic’s impacts on employment. Using CPS data on stocks and flows, we show that the pandemic has exacerbated pre-existing inequalities. Although employment losses have been widespread, they have been substantially larger in lower-paying occupations and industries. Individuals from disadvantaged groups, such as Hispanics, younger workers, those with lower levels of education, and women, have suffered both larger increases in job losses and larger decreases in hiring rates. Occupational and industry affiliation can explain only part of the increased job losses among these groups.

Keywords: COVID-19, CPS, job losses, occupations, industries, distributional impacts

JEL Classification: E24, J21, J31, J62, J63

Suggested Citation

Cortes, Guido Matias and Forsythe, Eliza, The Heterogeneous Labor Market Impacts of the Covid-19 Pandemic (June 24, 2020). Available at SSRN: https://ssrn.com/abstract=3634715 or http://dx.doi.org/10.2139/ssrn.3634715

Guido Matias Cortes

York University ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

Eliza Forsythe (Contact Author)

University of Illinois at Urbana-Champaign ( email )

601 E John St
Champaign, IL 61820
United States

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