Impact of COVID-19 Pandemic on Labor Supply and Gross Value Added in India

Estupinan, Xavier; Sharma, Mohit; Gupta, Sanjib Kumar; Birla, Bharti

doi:10.2139/ssrn.3628761

Cited by 3 publications

(3 citation statements)

References 10 publications

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“…Another study was done by Magma Fincorp, and business school Bhavan's SPJIMR, it showed that 50 percent of MSMEs out of 14,444 MSMEs have witnessed a 20-50 percent impact on their earnings because of the COVID-19 pandemic. Estupinan et al 2020 reported in their study that 111.18 million and 78.93 million workers were affected in Lockdown 1.0 & 2.0 respectively. They estimated around 58.85 million own-account workers lost their jobs during Lockdown 1.0 & 2.0.…”

Section: Key Constraints Faced By Msmesmentioning

confidence: 96%

Challenges and Opportunities of India’s Micro Small Medium Enterprises in the New Era of Post COVID

Ranjan

2021

Preprint

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This paper examines the possible changes from the new definition of Micro, Small, Medium Enterprises (MSMEs) in the Manufacturing and Services sector using NSS 73rd round data and Annual Survey of Industry (ASI). The paper further analyses the nature of registered/unregistered enterprises in MSMEs. Analysis reveals that 16.1 percent (3.2 million), 38 percent (16.6 million), and 31.2 percent (19.8 million) enterprises are registered in manufacturing, services, and whole economy respectively. It is worthy to note that share of unregistered enterprises in overall loan taken by the enterprises is only 2 percent, the remaining 98 percent of loan has been provided to registered enterprises. Registered enterprises easily access the loan from the formal channels while unregistered enterprises face problems in accessing loan from the formal channels. The regression result shows that the number of skilled workers, the firm’s registration, modernization, and environmental monitor variables have a positive impact on the MSMEs output value. The large enterprises need to make structural changes with focus on generating employment at a larger scale in order to take advantage of the recent trade war between China and other developing countries. There is a simultaneous scope to promote larger enterprises with MSMEs.

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Section: Key Constraints Faced By Msmesmentioning

confidence: 96%

Challenges and Opportunities of India’s Micro Small Medium Enterprises in the New Era of Post COVID

Ranjan

2021

Preprint

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“…(2020) use them to estimate first-order supply shocks in the US. We also provide estimates for first-order supply shocks for India using similar rating based WFH index in Estupinan et al (2020). Dingel and Neiman (2020) used a manual assignment to test the reliability of their O*NET based WFH.…”

Section: Step 1: Providing Ratingsmentioning

confidence: 99%

An Alternate to Survey Methods to Measure Work from Home

2020

Self Cite

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During unprecedented times like COVID-19, when 'social distancing' is a new normal, knowing the jobs that can be performed from home is useful for policymakers and researchers. A most common way to estimate jobs that can be performed from home is by carrying out surveys, but this method is time and cost-intensive. Moreover, using US-based O*NET surveys to estimate work from home (WFH) index in a home country, other than the US, can potentially lead to large measurement errors. In this paper, we propose a rating based methodology to estimate the WFH index. The ratings are provided for occupation-wise work activities according to their likelihood of getting performed from home by experts. This method is time and cost-effective and can easily be replicated in any country accounting for indigenous reality. Using tools like Inter-Rater Reliability (IRR), which is extensively used in psychology literature, we attempt to create a robust index of WFH for India.

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“…In this sense, the management of the financial system must reduce transaction costs in the economy by minimizing existing frictions and asymmetries. Thus, in the study by Estupinan et al (2020) the economic impact generated by the COVID-19 pandemic, it has an effect on the perception of organizations worldwide, in occupations and in the labor area, work methods, safety methods, occupational health. Work at home changes the perspective and meaning of jobs in financial institutions, evaluating the effectiveness of work and its effectiveness in the development of their functions.…”

Section: Introductionmentioning

confidence: 99%

Remuneration, Personnel Expenses and Third Party Expenses in Times of Covid-19 in the Financial Sector

Arcos-Leon

Colqui-Estrella

Sugasti-Arivilca

et al. 2021

IJFR

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The objective of this research was to determine the statistically significant differences between the semiannual percentages of salaries, personnel expenses and third party expenses of the Peruvian financial sector during the “COVID-19” pandemic. The percentage of administrative expenses of 46 financial entities in Peru was analyzed, and in what proportion they invested in favor of their collaborators; As a result, in terms of remuneration, the Municipal Savings Banks invested in a greater proportion (50.69%), regarding personnel expenses, the Municipal Savings Banks stand out with 16.8%, and in terms of third-party payments, the financial entity that invested the most was Edpymes with 42.30%. Likewise, through the Kruskal Wallis test it was obtained that there are no statistically significant differences in remuneration, payment of personnel and payment to third parties among financial entities in Peru (p value> 0.05). It is concluded that the semester percentage variation in time of COVID-19 with respect to the first semester 2019 has had a minimal change (+ 1.20%. In salaries, -1.6% in personnel payments and -0.05% in third party expenses).

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Impact of COVID-19 Pandemic on Labor Supply and Gross Value Added in India

Cited by 3 publications

References 10 publications

Challenges and Opportunities of India’s Micro Small Medium Enterprises in the New Era of Post COVID

Challenges and Opportunities of India’s Micro Small Medium Enterprises in the New Era of Post COVID

An Alternate to Survey Methods to Measure Work from Home

Remuneration, Personnel Expenses and Third Party Expenses in Times of Covid-19 in the Financial Sector

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