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At the onset of the COVID pandemic, the U.S. economy suddenly and swiftly lost 20 million jobs. Over the next two years, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early employment dynamics were almost entirely driven by...
Persistent link: https://www.econbiz.de/10013362041
Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …
Persistent link: https://www.econbiz.de/10014544764
pandemic recession. We first measure the contribution of temporary layoffs to unemployment dynamics over the period 1979 to the … due to "loss-of-recall", whereby workers in temporary-layoff unemployment lose their job permanently and do so at higher … both temporary-layoff and jobless unemployment. The model captures well pre-pandemic unemployment dynamics and shows how …
Persistent link: https://www.econbiz.de/10013334353
Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …
Persistent link: https://www.econbiz.de/10013361977
In this paper, we address the impact of surging unemployment on online public good provision. Specifically, we ask how … drastically increased unemployment affects voluntary contributions of content to the online encyclopedia Wikipedia. We put …
Persistent link: https://www.econbiz.de/10011381947
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Persistent link: https://www.econbiz.de/10011845141
In this paper, we address the impact of surging unemployment on online public good provision. Specifically, we ask how … drastically increased unemployment affects voluntary contributions of content to the online encyclopedia Wikipedia. We put …
Persistent link: https://www.econbiz.de/10011478744
Persistent link: https://www.econbiz.de/10012514426