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We study the distributional consequences of the Covid-19 pandemic's impacts on employment. Using CPS data on stocks and … flows, we show that the pandemic has exacerbated pre-existing inequalities. Although employment losses have been widespread …
Persistent link: https://www.econbiz.de/10012224341
The Unemployment Insurance (UI) system in the United States has played a decisive lifeline role in effectively mitigating the economic and social impact of the Covid-19 pandemic, which prompted the largest expansion of UI programs in history, one that is unprecedented in scope, scale and cost....
Persistent link: https://www.econbiz.de/10014414017
The economic crisis caused by the covid-19 pandemic is unprecedented in recent history. We contribute to a growing literature investigating the economic consequences of covid-19 by showing how unemployment-related online searches across the EU27 reacted to the introduction of lock-downs. We...
Persistent link: https://www.econbiz.de/10012289278
This paper simulates the impact that Covid-19 related job losses will have on family incomes and the public finances. It finds that in the central 'medium' unemployment scenario of 600,000 job losses, around 400,000 families will see their disposable income fall by more than 20 per cent in the...
Persistent link: https://www.econbiz.de/10012210824
Persistent link: https://www.econbiz.de/10012258647
. The labor market recovery for both groups in the US was rapid, and by Fall 2020, the employment gaps between immigrant and …
Persistent link: https://www.econbiz.de/10013254475
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a Phillips curve, the natural rate is an equilibrium condition...
Persistent link: https://www.econbiz.de/10005835658
of labor market programs on youth employment. We find that the slump in the 1990s has been associated with dramatic … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … for labor by skill attributable to technological innovation. The employment crisis has been met by an unprecedented …
Persistent link: https://www.econbiz.de/10005419214
While examining the macroeconomic effects of increased government control of the informal sector, this paper develops a two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. The same good is produced in the formal and in the informal sector. Moral...
Persistent link: https://www.econbiz.de/10005419430
policy. The expansion of aggregate demand is necessary to increase both investment and employment. However, unless supply …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …
Persistent link: https://www.econbiz.de/10011159088