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COVID-19 and employment in South Korea: trends and comparison with the 2008 Financial Crisis

Nam, Minhyuk; Lee, Soohyung - 2021

We examine the impact of COVID-19 on employment in South Korea as of June 2020. To estimate the causal effect, we use … decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90 …

Persistent link: https://www.econbiz.de/10012431574

Consumption response to Seoul's COVID-19 shopping coupons: evidence from consumer data

Woo, Seokjin; Aum, Sangmin; Kim, Dohyung; Moon, Heyjin; … - 2021

This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on income. We quantify the causal effect of Seoul's program...

Persistent link: https://www.econbiz.de/10012607254