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More than ten percent of Americans with recent work experience say they will continue social distancing after the COVID-19 pandemic ends, and another 45 percent will do so in limited ways. We uncover this Long Social Distancing phenomenon in our monthly Survey of Working Arrangements and...
Persistent link: https://www.econbiz.de/10013435130
Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...
Persistent link: https://www.econbiz.de/10013537796
Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions....
Persistent link: https://www.econbiz.de/10014322738
The pandemic catalyzed an enduring shift to remote work. To measure and characterize this shift, we examine more than 250 million job vacancy postings across five English-speaking countries. Our measurements rely on a state-of-the-art language-processing framework that we fit, test, and refine...
Persistent link: https://www.econbiz.de/10014247927
The pandemic triggered a large, lasting shift to work from home (WFH). To study this shift, we survey full-time workers who finished primary school in 27 countries as of mid 2021 and early 2022. Our cross-country comparisons control for age, gender, education, and industry and treat the U.S....
Persistent link: https://www.econbiz.de/10013388802
rates in recessions. We then develop a quantitative model that allows for endogenous flows of workers across employment and … generated significant employment gains. It did so in part by significantly reducing loss-of-recall …
Persistent link: https://www.econbiz.de/10013334353
The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4.1 percent rate achieved in the four quarters of 2020. This...
Persistent link: https://www.econbiz.de/10013334484
employment dynamics were almost entirely driven by temporary layoffs and later recalls. Taking these into account, we show that … labor market had largely recovered and was characterized by extremely tight markets and a slightly depressed employment … predictions that COVID would dramatically and permanently change the way we live and work. We do see that employment has …
Persistent link: https://www.econbiz.de/10013362041
the U.S. labor market during the first four months of the global COVID-19 pandemic. After aggregate employment fell by 21 … percent through late-April, employment rebounded somewhat through late-June. The re-opening of temporarily shuttered … businesses contributed significantly to the employment rebound, particularly for smaller businesses. We show that worker recall …
Persistent link: https://www.econbiz.de/10012481742
The labor-force participation rates of prime-age U.S. workers dropped in March 2020--the start of the COVID-19 pandemic--and have still not fully recovered. At the same time, substance-abuse deaths were elevated during the pandemic relative to trend indicating an increase in the number of...
Persistent link: https://www.econbiz.de/10013191027