The persistence of the employment shock by COVID-19 has various policy implications during the pandemic and beyond it. After evaluating the impact of the health crisis at the individual level, this study decomposes employment losses into persistent and transitory components using the observed...

Youth employment deserves more attention in times of crisis, particularly in a rapidly aging society. ■ The current economic crisis, which is caused by restrictions on face-to-face interaction and movements, is different from previous economic crises; also, the effects of employment policies...