Beyond the Traditional Unemployment Rate during Covid-19 in Lithuania

Jose Garcia-Louzao and Kristijonas Vėlyvis
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Jose Garcia-Louzao: Bank of Lithuania
Kristijonas Vėlyvis: Bank of Lithuania

No 40, Bank of Lithuania Occasional Paper Series from 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.

Keywords: labor market statistics; labor force; unemployment (search for similar items in EconPapers)
JEL-codes: E24 J21 J64 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2021-10-18
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:lie:opaper:40

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