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The Impact of the COVID-19 Pandemic on Post-Great Recession Formal Entrants: Evidence from Mexico

Author

Listed:
  • Osuna Gómez Daniel
Abstract
I study the impact of the COVID-19 pandemic on the formal employment of entrants from each post-Great Recession year. Using longitudinal Mexican social security records and an individual fixed-effects difference-in-differences design, I find that the pandemic caused more recent entrants from each post-Great Recession year to lose formal employment at higher rates than other post-Great Recession entrants that joined the formal sector before them. However, the gap in employment narrowed as the economy recovered. The impact was larger for women and workers with less formal work experience in industries with more interpersonal interactions, like hotels and restaurants.

Suggested Citation

  • Osuna Gómez Daniel, 2022. "The Impact of the COVID-19 Pandemic on Post-Great Recession Formal Entrants: Evidence from Mexico," Working Papers 2022-19, Banco de México.
    • Handle: RePEc:bdm:wpaper:2022-19
    as

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    File URL: https://www.banxico.org.mx/publications-and-press/banco-de-mexico-working-papers/%7B3A8556AA-EF96-A359-8902-6C8386EB1FC0%7D.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    COVID-19 Pandemic; Post-Great Recession Entrants; Formal Labor Markets; Tenure;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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