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We estimate the causal effects of a pandemic-era wage subsidy program in Canada on job losses and business closures. Our estimates use administrative microdata and a regression discontinuity strategy to estimate the effects of marginal changes in the wage subsidy rate. The estimated net wage...
Persistent link: https://www.econbiz.de/10013494038
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383744
We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are being affected by the covid-19 pandemic. We document several facts. First, job loss has been significantly larger than implied by new unemployment claims: we estimate 20 million...
Persistent link: https://www.econbiz.de/10012206097
COVID-19 abruptly impacted the labor market with the unemployment rate jumping to 14.7 percent less than two months after state governments began adopting social distancing measures. Unemployment of this magnitude has not been seen since the Great Depression. This paper provides the first study...
Persistent link: https://www.econbiz.de/10012223833
This paper studies the labor market effects of non-pharmaceutical interventions (NPIs) to combat the COVID-19 pandemic. We focus on the Nordic countries which showed one of the highest variations in NPIs despite having similar community spread of COVID-19 at the onset of the pandemic: While...
Persistent link: https://www.econbiz.de/10012258526
Persistent link: https://www.econbiz.de/10010293632
Die Erwerbstätigkeit befindet sich in Deutschland auf einem Höchststand. Die Ursachen hierfür sind vielfältig und nicht …
Persistent link: https://www.econbiz.de/10010293637
The expansion of Western European production accelerated in the first half of 1997. Exports were the main engine, driven by a devaluation of European currencies and strong growth abroad. Domestic demand also picked up somewhat led by investment in machinery and equipment. Inflation remained at...
Persistent link: https://www.econbiz.de/10010295104
zulegen. Dabei wird die Expansion Deutschland etwas höher sein als im übrigen Euroraum. Im Verlauf des kommenden Jahres wird … Arbeitslosigkeit sinkt unter 7 Prozent. - [Aufschwung in Deutschland setzt sich nur wenig verlangsamt fort] Der Aufschwung in … Deutschland setzt sich kraftvoll fort. Anders als bisher von uns erwartet, dürfte die gesamtwirtschaftliche Produktion zu …
Persistent link: https://www.econbiz.de/10010298439
wohl vorerst weiter in geringerem Tempo als das Produktionspotential. - [Aufschwung in Deutschland bleibt kräftig] Der … konjunkturelle Aufschwung in Deutschland bleibt kräftig. Vor allem wegen der sehr günstigen Frühindikatoren heben wir unsere Prognose …
Persistent link: https://www.econbiz.de/10010298440