Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J. - 2020
that the COVID-19 shock caused 3 new hires for every 10 layoffs, that 32-42% of COVID-induced layoffs will be permanent … consider implications for the economic outlook and for policy responses to the pandemic. Unemployment benefit levels that … restrictions, and regulatory barriers to business formation will impede reallocation responses to the COVID-19 shock …