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Covid-19 and regional employment in Europe

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  • Sebastian Doerr
  • Leonardo Gambacorta

Abstract

We construct employment risk indices for European regions that reflect the share of jobs under threat from Covid-19. The risk index is based on local employment in sectors that are more exposed to the pandemic and on the regional incidence of small firms. Employment in regions in southern Europe and France is shown to have high risk indices, while regions in northern Europe have lower risk indices. Eastern and central European regions have intermediate risk indices. Regions with a higher risk index have a bigger jump in Google searches for unemployment-related terms.

Suggested Citation

  • Sebastian Doerr & Leonardo Gambacorta, 2020. "Covid-19 and regional employment in Europe," BIS Bulletins 16, Bank for International Settlements.
    • Handle: RePEc:bis:bisblt:16
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    References listed on IDEAS

    as
    1. World Bank, 2020. "The COVID-19 Pandemic [Pandémie De Covid-19]," World Bank Publications - Reports 33696, The World Bank Group.
    2. Sebastian Doerr, 2019. "Unintended side effects: stress tests, entrepreneurship, and innovation," BIS Working Papers 823, Bank for International Settlements.
    3. Sebastian Doerr & Leonardo Gambacorta, 2020. "Identifying regions at risk with Google Trends: the impact of Covid-19 on US labour markets," BIS Bulletins 8, Bank for International Settlements.
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    Cited by:

    1. Vanda Almeida & Salvador Barrios & Michael Christl & Silvia Poli & Alberto Tumino & Wouter Wielen, 2021. "The impact of COVID-19 on households´ income in the EU," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(3), pages 413-431, September.
    2. Doerr, S. & Erdem, M. & Franco, G. & Gambacorta, L. & Illes, A., 2021. "Technological capacity and firms’ recovery from Covid-19," Economics Letters, Elsevier, vol. 209(C).
    3. Marta Fana & Sergio Torrejón Pérez & Enrique Fernández-Macías, 2020. "Employment impact of Covid-19 crisis: from short term effects to long terms prospects," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 391-410, September.
    4. van der Wielen, Wouter & Barrios, Salvador, 2021. "Economic sentiment during the COVID pandemic: Evidence from search behaviour in the EU," Journal of Economics and Business, Elsevier, vol. 115(C).
    5. Sarah Kuypers & Ive Marx & Brian Nolan & Juan C. Palomino, 2022. "Lockdown, Earnings Losses and Household Asset Buffers in Europe," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(2), pages 428-470, June.
    6. Nicola Raimo & Pedro-José Martínez-Córdoba & Bernardino Benito & Filippo Vitolla, 2021. "The Impact of the COVID-19 Pandemic on the Labor Market: An Analysis of Supply and Demand in the Spanish Municipalities," Sustainability, MDPI, vol. 13(23), pages 1-12, November.
    7. Woloszko, Nicolas, 2024. "Nowcasting with panels and alternative data: The OECD weekly tracker," International Journal of Forecasting, Elsevier, vol. 40(4), pages 1302-1335.
    8. Ndeyapo M. Nickanor & Godfrey Tawodzera & Lawrence N. Kazembe, 2023. "The Threat of COVID-19 on Food Security: A Modelling Perspective of Scenarios in the Informal Settlements in Windhoek," Land, MDPI, vol. 12(3), pages 1-17, March.
    9. Beata Bieszk-Stolorz & Krzysztof Dmytrów, 2021. "A survival analysis in the assessment of the influence of the SARS-CoV-2 pandemic on the probability and intensity of decline in the value of stock indices," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(2), pages 363-379, June.

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