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Beyond the Traditional Unemployment Rate during Covid-19 in Lithuania

Author

Listed:
  • Jose Garcia-Louzao

    (Bank of Lithuania)

  • Kristijonas Vėlyvis

    (Bank of Lithuania)

Abstract

This paper provides empirical evidence on the impact of Covid-19 on unemployment and underemployment in Lithuania. Based on the Labor Force Survey, we document the evolution of the unemployment rate using broader definitions that incorporate the underemployed and marginally attached workers. Our results show that, compared to previous recessions, Covid-19 had a milder impact on the Lithuanian labor market. Moreover, Lithuania fared reasonably well relative to other Eurozone countries. However, the data reveal a substantial increase in marginal workers and underemployment during 2020, with women, young workers and individuals in rural areas being most affected by the pandemic-induced recession.

Suggested Citation

  • Jose Garcia-Louzao & Kristijonas Vėlyvis, 2021. "Beyond the Traditional Unemployment Rate during Covid-19 in Lithuania," Bank of Lithuania Occasional Paper Series 40, Bank of Lithuania.
    • Handle: RePEc:lie:opaper:40
    as

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    References listed on IDEAS

    as
    1. Titan Alon & Sena Coskun & Matthias Doepke & David Koll & Michèle Tertilt, 2022. "From Mancession to Shecession: Women’s Employment in Regular and Pandemic Recessions," NBER Macroeconomics Annual, University of Chicago Press, vol. 36(1), pages 83-151.
    2. David N.F. Bell & David G. Blanchflower, 2018. "Underemployment in the US and Europe," NBER Working Papers 24927, National Bureau of Economic Research, Inc.
    3. Daniel Borowczyk-Martins, 2017. "Why does part-time employment increase in recessions?," IZA World of Labor, Institute of Labor Economics (IZA), pages 397-397, October.
    4. David N. F. Bell & David G. Blanchflower, 2011. "Young people and the Great Recession," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(2), pages 241-267.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    labor market statistics; labor force; unemployment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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