Fang, Hanming, Ge, Chunmian, Huang, Hanwei and Li, Hongbin (2020) Pandemics, global supply chains and local labor demand: evidence from 100 million posted jobs in China. CEP Discussion Papers (CEPDP1730). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
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Abstract
This paper studies how the COVID-19 pandemic has affected labor demand, using over 100 million posted jobs on one of the largest online platforms in China. Our data reveal that the number of newly posted jobs within the first 14 weeks after the Wuhan lockdown on January 23, 2020, was about 31% lower than that of comparable periods in 2018 and 2019. We show that, via the global supply chain, COVID-19 cases abroad and pandemic-control policies by foreign governments reduced new-job creation in China by 11.7%. We also find that firms most exposed to international trade outperformed other firms at the beginning of the pandemic but underperformed during the recovery as the virus spread throughout the world.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | https://cep.lse.ac.uk/_new/publications/discussion... |
| Additional Information: | © 2020 The Author(s) |
| Divisions: | Grantham Research Institute |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | J - Labor and Demographic Economics > J0 - General > J00 - General J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J22 - Time Allocation and Labor Supply |
| Date Deposited: | 19 Jan 2021 10:51 |
| Last Modified: | 11 Dec 2024 19:37 |
| URI: | http://eprints.lse.ac.uk/id/eprint/108489 |
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