that current fiscal policy is also intertemporally balanced provided that the favourable present employment situation lasts …-boomers' retirement. The improvement of employment has played an important role in this situation. We extend the standard generational … accounting methodology incorporating tax and transfer age profiles by employment status. This permits us to analyse the possible …

important impacts on the labor market. We document the effects of the covid-19 lockdown in Spain, which was hit early and hard … May of 2020. We document large employment losses during the lockdown, especially in "quarantined" sectors and non …-essential sectors that do not allow for remote work. Employment losses were mostly temporary, and hit lower-educated workers …