Job flows and reallocation during the recovery

Gaetano Basso, Domenico Depalo and Salvatore Lattanzio

No 704, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Exploiting very rich administrative data covering the period from January 2018 until December 2021, this study analyses the individual employment trajectories of a large sample of Italian workers during the pandemic and the subsequent recovery, comparing them with those of similar individuals in previous years. To understand the heterogeneous impact of the crisis on the workforce, we split the sample into three groups based on workers’ labour market status in the first four months of 2020: (i) those continuously employed, (ii) those who lost their job, and (iii) those not employed (either new entrants or individuals with previous work experience). While workers in the first group were more likely to keep their job during the pandemic than they would have been in the past, those in the other groups faced scarce employment prospects. The probability of finding a job decreased sharply for labour market entrants, amplifying pre-existing differences. Finally, we did not find evidence of significant cross-firm or cross-sector reallocation.

Keywords: employment; job mobility; turnover; Covid-19 pandemic (search for similar items in EconPapers)
JEL-codes: J21 J62 J63 (search for similar items in EconPapers)
Date: 2022-07
New Economics Papers: this item is included in nep-eur and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_704_22

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