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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/10012211549
This paper investigates the impacts of the economic shock caused by the COVID-19 pandemic on the employment of … countries suggest that following the initial shock at the start of the pandemic, employment rates partially recovered between …
Persistent link: https://www.econbiz.de/10012583672
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/10012207117
The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to … the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds … the path for measured unemployment, depending on the path of the virus and containment measures and their impact on …
Persistent link: https://www.econbiz.de/10012228061
The coronavirus crisis that started in December 2019 was declared a pandemic by March 2020 and had devastating global … prices, unemployment rates, and interest rates in nine countries that took distinctive approaches in tackling the pandemic …, where we introduce lockdowns as shocks to unemployment. Based on impulse response functions, we find that in most countries …
Persistent link: https://www.econbiz.de/10012792445
Persistent link: https://www.econbiz.de/10012670681
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …
Persistent link: https://www.econbiz.de/10011448440
Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected … just over 10000 observations, we predict changes in the unemployment rate 12 months ahead. We do so using individuals …
Persistent link: https://www.econbiz.de/10013540387
enter into employment, and unemployment in the local area district. Largely unexplored in the literature this adds to the … work which has examined the association between employee wages and unemployment - the "wage curve". …
Persistent link: https://www.econbiz.de/10010412654
stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …
Persistent link: https://www.econbiz.de/10013274013