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We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012207117
to the coronavirus pandemic. These measures have caused dramatic increases in unemployment in the short run, with an … than good due to the economic contraction, despite a large literature that finds mortality rates decline during recessions …. We estimate the relationship between unemployment, a widely accepted proxy for economic climate, and mortality in …
Persistent link: https://www.econbiz.de/10012294848
Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing … disturbing long-run effect of recessions: young people who leave school in the midst of recessions are significantly more likely …
Persistent link: https://www.econbiz.de/10010386014
unemployment rate at labor market entry for each birth cohort and state-of-birth cell based on average state migration rates and …
Persistent link: https://www.econbiz.de/10011946849
current institutions, past performance during recessions, and the policy measures adopted during the pandemic. Emphasis is …
Persistent link: https://www.econbiz.de/10012315631
We expand the analysis of cyclical changes in labor demand by decomposing changes along the intensive margin into those in days/week and in hours/day. Using large cross sections of U.S. data, 1985-2018, we observe around ¼ of the adjustment in weekly hours occurring through changing days/week....
Persistent link: https://www.econbiz.de/10014584359
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010369825
implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …
Persistent link: https://www.econbiz.de/10012201645
not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …
Persistent link: https://www.econbiz.de/10013448558
Despite the high growth of the Peruvian economy during the last decade, college graduates are facing increasing difficulties to find occupations that match their higher educational background, skills and educational investments. This scenario is embodied in the "professional underemployment"...
Persistent link: https://www.econbiz.de/10011427813