Blyde, Juan S.; Busso, Matias; Park, Kyunglin; Romero … - 2023
initial adjustment to the shock took various forms: a decline in the number of wage employees, a substitution of wage … effects on employment were mainly associated with job destruction from exiting firms, particularly those that were small and … medium-sized. During periods in which employment fell, the population that actively participated in the labor force fell. The …