Job retention opportunities in a pandemic crisis based on the example of three countries in the Asia-Pacific region
Department
Business
Department Name When Scholarship Produced
Business
Document Type
Article
Publication Date
10-27-2022
Abstract
Our study examines the development of unemployment data from three strong Asian economies, China, Korea, and Japan. The focus is on the impact of the economic crisis caused by COVID-19, as well as an overview of the possible solutions to combat the impact of similar future crises on the labour market, in the hope of mitigating future economic dislocations. Following an overview of the region's economy and the pandemic, we use stochastic modelling of unemployment data of ten years prior to the pandemic, to estimate counterfactual future data without the pandemic. We then compare this estimate with real data during the pandemic. We did this in order to explore ideas and new solutions that could possibly be applied in Hungary, which is presently burdened by a very significant labour shortage.
Recommended Citation
Tóth, A., Kálmán, B. G., Engle, A. D., & Poór, J. (2023). Job retention opportunities in a pandemic crisis based on the example of three countries in the Asia-Pacific region. Society and Economy, 45(2), 156-172. https://doi.org/10.1556/204.2022.00019
Journal Title
Society and Economy
