ShanghaiTech SEM Working Paper No. 2020-011
Hanming Fang
University of Pennsylvania, ShanghaiTech University and the NBER
Chunmian Ge
South China University of Technology
Hanwei Huang
City University of Hong Kong, London School of Economics and Political Science
Hongbin Li
Stanford University
This paper studies how the COVID-19 pandemic has affected labor demand using over 100 million posted jobs on one of the largest online platforms in China. Our data reveals that, due to the effects of the pandemic both in China and abroad, the number of newly posted jobs within the first 13 weeks after the Wuhan lockdown on January 23, 2020 was about one third lower than that of the same lunar calendar weeks in 2018 and 2019. Using econometric methods, we show that, via the global supply chain, COVID-19 cases abroad and in particular pandemic-control policies by foreign governments reduced new job creations in China by 11.7%. We also find that Chinese firms most exposed to international trade outperformed other firms at the beginning of the pandemic but underperformed during recovery as the Novel Coronavirus spread throughout the world.
Keywords: COVID-19, labor demand, global supply chains, trade
Date Written: November 2, 2020
Available at SSRN: https://ssrn.com/abstract=3744881
Download this paper: 
【No. 2020-011】Pandemics, Global Supply Chains, and Local.pdf
