The economics impact of COVID-19 has been greater for women than men

Abstract

The COVID-19 pandemic has caused profound economic, social and health shocks globally, affecting men and women differently. On an economic level, the COVID-19 crisis has created an unprecedented unemployment crisis. Therefore, it is crucial to tackle with the negative influences of the COVID-19 through research that identifies questions and proposes measures to address them. The main research topic of this essay is to explore the economic impact of the pandemic on the male and female labor force. It mainly involves three aspects, namely the unemployment rate of men and women after the epidemic, the number of men and women who fell into extreme poverty after the epidemic, and the ratio of men and women in the industries hardest hit by the epidemic. This essay will use the direct method to collect the corresponding quantitative data and analyze the data, which is constructed from the analysis results. Thus, the crucial finding of this report is that the pandemic has hit women the hardest economically than men. A generalization of the data results reveals that women are overrepresented in hard-hit industries, explaining their relatively greater employment loss (economic loss) compared to men. The final recommendations of this report are based on discussion and analysis that governments and organizations should develop employment policies that promote gender equality, especially labor market policies that effectively address gender issues, and support the creation of full and productive employment for women and men.