Impact of COVID on small firms
Doerr and Gambacorta construct employment risk indices for European regions that reflect the share of jobs under threat from Covid-19. In particular, they look at the share of employment among small firms in different regions. They find that:
- Sectors exposed to COVID-19, such as transportation, retail trade, leisure and hospitality, and travel agencies, can be predominantly found in Italy, Greece and Spain, but also in northwestern Germany, the Baltic states and the United Kingdom;
- The pandemic is expected to have a severe negative impact on small firms which heavily depend on local demand and are financially constrained. Regions with the highest share of small-firm employment are mostly located in France, as well as in southern and eastern Europe.
Covid-19 and regional employment in Europe
Authors: Sebastian Doerr and Leonardo Gambacorta
From: BIS
Impact of COVID across age and education level
Sanchez and al. look at how vulnerable jobs are distributed across age and educational level. They find that COVID-19-induced labor market pain is disproportionately borne by young, poorly educated and poorly paid workers, and by regions that are already less well-off and characterized by a greater prevalence of temporary contracts. In particular, European regions that are already economically disadvantaged are also likely to face a labor market crisis.
Which jobs are most at risk because of COVID-19?
By: Daniel Garrote Sanchez, Nicolás Gómez Parra, Çağlar Özden, Bob Rijkers – Brookings
