Great Recession and the pandemic recession (aka the Great Contagion) can both be understood as being driven partially by …. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …, consequently, of output, and slow-down worker reallocation away from the sectors badly hit by the recession …

This paper analyzes how the labor market adjusts to the Great Recession. To this aim, we use the data for Latvia, a … margin since it is driven by flows from permanent wage employment to unemployment. We also show that older, non-Latvian and … exclusive occupational groups demonstrate that downward mobility is very limited even during the Great Recession. Finally, wage …

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild … recovery. Previous studies have examined the demographic aspect of the recession. We focus on specific industries. Consequently …, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry …

implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … Great Recession. Second, many of those losing jobs are not actively looking to find new ones. As a result, we estimate the … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …

pandemic recession encouraged more young people to complete high school. The pandemic created extensive problems in education …

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … shock. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity shock, firms that rely much …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … driver for the "German labor market miracle" during the Great Recession …

economic recession, which is most likely due to the tight labour market and the strong measures taken by the government to …