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crisis. Using common factor analysis, we demonstrate that people’s lives are mainly affected in two ways: First, a notable …. Second, many people suffer from socio-economic consequences of the crisis, including a discontinuation of employment, a …
Persistent link: https://www.econbiz.de/10012582101
context of the COVID-19 crisis in Germany. Employment responses differed widely across local labour markets, with differences … in short-time work rates of up to 30 percentage points at the beginning of the pandemic. Using recent advancements in the … difference-in-differences approach with a continuous treatment, we find that pre-crisis digital capital potential reduced short …
Persistent link: https://www.econbiz.de/10014574306
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich … organized in a series of stylized facts, which suggest that although the pandemic had an immediate adverse impact on most firms … globally engaged firms is their heightened response to the crisis by finding novel ways to adapt supply chains even in the …
Persistent link: https://www.econbiz.de/10013266676
We investigate how preferences have been affected by exposure to the COVID-19 crisis. Our main contributions are: first … effects of the crisis, we also analyze within each wave during the crisis, how differential exposure to the crisis in the … health and financial domain affects preferences. We find that preferences remain remarkably stable during the crisis …
Persistent link: https://www.econbiz.de/10014377569
We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity and duration. The optimal policy reflects the rate of time preference, epidemiological factors, the hazard rate of vaccine discovery, learning effects in the health care...
Persistent link: https://www.econbiz.de/10012208005
How much and when should we limit economic and social activity to ensure that the health-care system is not overwhelmed during an epidemic? We study a setting where ICU resources are constrained while suppression is costly (e.g., limiting economic interaction). Providing a fully analytical...
Persistent link: https://www.econbiz.de/10012227630
We develop a multiple-events model and exploit within and between country variation in the timing, type and level of intensity of various non-pharmaceutical interventions to study their dynamic effects on the daily incidence of COVID-19 and on population mobility patterns across 135 countries....
Persistent link: https://www.econbiz.de/10012227678
the proportion of time they worked relative to full-time workers prior to the pandemic. In addition, in contrast to the …
Persistent link: https://www.econbiz.de/10012269453
Countries worldwide have implemented lockdown measures to contain the covid-19 pandemic. After more than three months … message is that there is no “health vs. economics” dichotomy. Rather, some degree of lockdown is typically optimal in crisis …
Persistent link: https://www.econbiz.de/10012269525
alternative evolution of the pandemic, assuming that states extended the lockdown measures until daily new cases reach the levels …
Persistent link: https://www.econbiz.de/10012314864