Labor Market Adjustment during the World Financial Crisis: Evidence from Egypt

Rania Roushdy and May Gadallah

No 643, Working Papers from Economic Research Forum

Abstract: The main objective of this paper is to investigate the impact of the world financial crisis of 2008 on the Egyptian labor market outcomes and dynamics. The paper uses the quarterly labor force surveys data for the period 2006 to 2009. The results of the paper show that there has not been a substantial crisis-related impact on the Egyptian labor market. There has been a mild decline in unemployment, combined with a slight increase in both labor force participation and employment to population ratio. Also, the effect of the crisis on hours worked, informality of employment and sectorial labor shift has been minimal; but a sharp decline in real earnings growth has been observed in the second half of 2009 in Egypt. Despite those minor effects of the crisis on the overall labor market outcomes, some subgroups of workers have been more vulnerable than others during the crisis. The results of this paper concur with the historical experience, which suggests that young, old, unskilled and female workers are more likely to bear the brunt of an economic downturn.

Pages: 34
Date: 2011-01-10, Revised 2011-01-10
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Citations: View citations in EconPapers (7)

Published by The Economic Research Forum (ERF)

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