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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/10012207864
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/10012214176
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/10010398363
recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having …
Persistent link: https://www.econbiz.de/10015062637
small price changes should vary over the business cycle-it should diminish during recessions and strengthen during … between periods of recession (high unemployment) and expansion (low unemployment). Focusing on small price changes, we find …, consistent with our hypothesis, that there is a greater asymmetry in small price changes during periods of low unemployment …
Persistent link: https://www.econbiz.de/10015416773
The following Special Issue (SI) seeks to provide a comprehensive exploration of the persistent and evolving nature of inequality and poverty across both developed and developing nations. The SI features a range of studies that address the complex factors contributing to income disparities, such...
Persistent link: https://www.econbiz.de/10015427703
small price changesshould vary over the business cycle-it should diminish during recessions and strengthen during expansions … periods of recession (high unemployment) and expansion (low unemployment). Focusing on small price changes, we find …, consistent with our hypothesis, that there is a greater asymmetry in small price changes during periods of low unemployment …
Persistent link: https://www.econbiz.de/10015432666
Recessions are complex events that affect personal health and behavior via various potentially opposing mechanisms …. While recessions are known to have negative effects on mental health and lead to an increase in suicides, it has been proven … that they reduce mortality rates. A general health policy agenda in relation to recessions remains ambiguous due to the …
Persistent link: https://www.econbiz.de/10011573673
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/10011984486
I examine the short-term labor market effects of the Great Lockdown in the United States. I analyze job losses by task content (Acemoglu & Autor 2011), and show that they follow underlying trends; jobs with a high non-routine content are especially well-protected, even if they are not...
Persistent link: https://www.econbiz.de/10012304503