Recovery from the COVID-19 Recession: Uneven Effects among Young Workers?

In this paper, we examine the labor market recovery from the COVID-19 recession and test for effects of termination of pandemic unemployment insurance programs among 15–24-year-olds. We use data from the January 2016–October 2022 Current Population Survey. Using regression-based methods, we show tha...

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Bibliographic Details
Published in:The B.E. journal of economic analysis & policy 2023-07, Vol.23 (3), p.821-842
Main Authors: Chatterji, Pinka, Li, Yue
Format: Article
Language:English
Subjects:
COVID-19
Economic recovery
Employment
Labor market
low-skilled workers
pandemic
Pandemics
recession
Recessions
Recovery
Regression analysis
teenage employment
Termination
Unemployment insurance
Working hours
Younger workers
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Summary:In this paper, we examine the labor market recovery from the COVID-19 recession and test for effects of termination of pandemic unemployment insurance programs among 15–24-year-olds. We use data from the January 2016–October 2022 Current Population Survey. Using regression-based methods, we show that while 15–19-year-olds experienced a brisk, full recovery in labor market outcomes from the COVID-19 recession, the recovery was sluggish and incomplete among 20–24-year-olds, with some work outcomes lagging below pre-pandemic norms well into 2022. Termination of pandemic UI programs led to increased work hours and full-time employment among 20–24-year-olds but did not have these effects among 15–19-year-olds.
ISSN:1935-1682
2194-6108
1935-1682
DOI:10.1515/bejeap-2022-0200