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Early Evidence on the Impact of COVID-19 and the Recession on Older Workers
Bui, Truc - 2020
We summarize some of the early effects and discuss possible future effects of the COVID-19 pandemic and recession on the employment outcomes of older workers in the United States. We start by discussing what we know about how older workers faired in prior recessions in the United States and how...
Persistent link: https://www.econbiz.de/10012829784
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Fear, Lockdown, and Diversion : Comparing Drivers of Pandemic Economic Decline 2020
Goolsbee, Austan D. - 2020
The collapse of economic activity in 2020 from COVID-19 has been immense. An important question is how much of that resulted from government restrictions on activity versus people voluntarily choosing to stay home to avoid infection. This paper examines the drivers of the collapse using cellular...
Persistent link: https://www.econbiz.de/10012829790
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Money or Power? Financial Infrastructure and Optimal Policy
Berkouwer, Susanna B.; Biscaye, Pierre; Hsu, Eric; Lee, … - 2021
adoption: this increases its value and reduces transaction costs of buying electricity credit. By contrast, in Ghana …
Persistent link: https://www.econbiz.de/10013217734
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Effects of the Covid-19 Pandemic on Outpatient Providers in the Us
Chatterji, Pinka - 2020
There is growing concern that the COVID-19 pandemic may have severe, adverse effects on the health care sector, a sector of the economy that historically has been somewhat shielded from the business cycle. In this paper, we study one aspect of this issue by estimating the magnitude of the...
Persistent link: https://www.econbiz.de/10012833748
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Effect of a Federal Paid Sick Leave Mandate on Working and Staying at Home During the Covid-19 Pandemic : Evidence from Cellular Device Data
Andersen, Martin - 2020
We study the effects of the temporary federal paid sick leave mandate that became effective April 1st, 2020 on ‘social distancing,' as proxied by individuals' physical mobility behavior gleaned from cellular devices. The national paid leave policy was implemented in response to the COVID-19...
Persistent link: https://www.econbiz.de/10012834401
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Covid-19 and the Welfare Effects of Reducing Contagion
Pindyck, Robert S. - 2020
I use a simple SIR model, augmented to include deaths, to elucidate how pandemic progression is affected by the control of contagion, and examine the key trade-offs that underlie policy design. I illustrate how the cost of reducing the "reproduction number" R0 depends on how it changes the...
Persistent link: https://www.econbiz.de/10012834465
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Economic Policy Incentives to Preserve Lives and Livelihoods
Chang, Roberto - 2020
The Covid-19 pandemic has motivated a myriad of studies and proposals on how economic policy should respond to this colossal shock. But in this debate it is seldom recognized that the health shock is not entirely exogenous. Its magnitude and dynamics themselves depend on economic policies, and...
Persistent link: https://www.econbiz.de/10012836417
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Firm-Level Exposure to Epidemic Diseases : Covid-19, Sars, and H1n1
Hassan, Tarek Alexander - 2020
epidemic diseases raised in their quarterly earnings conference calls. We construct text-based measures of the costs, benefits …, and risks listed firms in the US and over 80 other countries associate with the spread of Covid-19 and other epidemic … diseases. We identify which firms and sectors expect to lose/gain from a given epidemic and which are most affected by the …
Persistent link: https://www.econbiz.de/10012837193
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Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time
Alfaro, Laura - 2020
We show that unexpected changes in the trajectory of COVID-19 infections predict US stock returns, in real time. Parameter estimates indicate that an unanticipated doubling (halving) of projected infections forecasts next-day decreases (increases) in aggregate US market value of 4 to 11 percent,...
Persistent link: https://www.econbiz.de/10012837801
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Data Gaps and the Policy Response to the Novel Coronavirus
Stock, James H. - 2020
that are not tested under current guidelines), is not well estimated in the literature because tests for the coronavirus …
Persistent link: https://www.econbiz.de/10012838354