Abstract
The COVID-19 pandemic has a profound impact on economics and health levels on a global stage. While there have been studies analyzing the impacts, the small-time frame has made it difficult for researchers to understand the economic consequences of COVID-19 for all industries. This thesis is designed to interpret how the global pandemic has affected labor force participation rates within the United States construction industry, while considering income and gender. The theoretical framework utilizes a combination of the consumer choice theory as well as the labor-leisure and Grossman models to explain why the pandemic conditions have caused unemployment rates within the construction industry to fall. An empirical analysis is conducted analyzing data from the National Bureau of Labor Statistics (NBER) and the Federal Reserve Economic Data (FRED) utilizing the ordinary least squares regression. Results support the hypothesis that not only unemployment within the construction industry have decreased, but also female participation and income levels. Future research should focus primarily on interpreting the pandemic’s impact on other industries in comparison to construction.
Advisor
Chaudhary, Sookti
Department
Business Economics
Recommended Citation
Poisson, Mason, "Evaluating the Impact of COVID-19 on Workforce Participation, Separated by Gender, and Income, in the Construction Industry" (2023). Senior Independent Study Theses. Paper 10679.
https://openworks.wooster.edu/independentstudy/10679
Publication Date
2023
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2023 Mason Poisson