Evaluating the effectiveness of labor market interventions on reducing the impacts of the COVID-19 pandemic

Elgin C., Williams C., ÖZ YALAMAN G.

Review of Development Economics, vol.27, no.1, pp.352-374, 2023 (SSCI) identifier identifier identifier

  • Publication Type: Article / Article
  • Volume: 27 Issue: 1
  • Publication Date: 2023
  • Doi Number: 10.1111/rode.12938
  • Journal Name: Review of Development Economics
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, ABI/INFORM, Business Source Elite, Business Source Premier, CAB Abstracts, EconLit, Geobase, Political Science Complete, Public Affairs Index, vLex
  • Page Numbers: pp.352-374
  • Keywords: COVID-19, labor market measures, pandemic
  • Eskisehir Osmangazi University Affiliated: Yes

Abstract

© 2022 John Wiley & Sons Ltd.This paper evaluates whether different labor market policy interventions taken in response to the COVID-19 pandemic have been effective in reducing its adverse impacts. We construct a database covering 165 countries and 39 labor market interventions grouped into four pillars: stimulating the economy and jobs (pillar 1); supporting enterprises, employment, and incomes (pillar 2); protecting workers (pillar 3); and social dialogue (pillar 4). The results revealed that measures taken under pillars 1, 2, and 3 have reduced the impacts of the pandemic on economic growth; measures under pillar 4 were significantly associated with reducing its impacts on employment and those under pillar 2 with reducing its impacts on working hours.