The persistent effects of COVID-19 on labor outcomes: evidence from Peru

Daniel Higa Reyes, Carlos Ospino and Fernando Aragon ()
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Fernando Aragon: Simon Fraser University

Discussion Papers from Department of Economics, Simon Fraser University

Abstract: This paper takes a new look at the impact of COVID-19 on labor outcomes more than a year after the beginning of the pandemic. We use a labor survey from Lima, Peru, with monthly data from January 2019 up to June 2021. We corroborate the early dramatic impact of the pandemic documented in other countries. These initial effects attenuate over time, but persist and remain sizeable: even by mid-2021, there is a reduction of almost 20% in hours worked and labor income. Our findings highlight the limitation of policy changes and societal adaptations to ameliorate the economic impact of COVID-19.

Date: 2021-09
New Economics Papers: this item is included in nep-isf
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Journal Article: The persistent effects of COVID-19 on labour outcomes: evidence from Peru (2023)
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