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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/10012207117
up to 29 years. I find that high and progressive labour taxes and generous unemployment benefits amplify labour income …
Persistent link: https://www.econbiz.de/10013099104
up to 29 years. I find that high and progressive labour taxes and generous unemployment benefits amplify labour income … changes through dismissals. -- employment fluctuations ; business-cycle ; EPL ; tax wedge ; unemployment benefits …
Persistent link: https://www.econbiz.de/10009629593
youth unemployment are persistent and especially affect the lower-skilled. Skill and occupational mismatches of vocational … time, the labour market has been responding faster to output shocks and output growth consistent with constant unemployment …-term unemployment. …
Persistent link: https://www.econbiz.de/10011399349
In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates … significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also … unemployment is related to the phase out of EU preferences on bananas/sugar exports or to a skills mismatch. As expected …
Persistent link: https://www.econbiz.de/10012865121
for immigrants than for natives: a one percentage point increase in the unemployment rate is associated with a 0.61 and 0 …
Persistent link: https://www.econbiz.de/10013252566
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/10012832598
The persistence of the employment shock by COVID-19 has various policy implications during the pandemic and beyond it … results show that while face-to-face services were undoubtedly hit hard by the COVID-19 crisis, the sectoral shock was less … suggest that targeted measures to mitigate the persistent effects of the employment shock should take priority during the …
Persistent link: https://www.econbiz.de/10012591513
Using new data from the Understanding Society: COVID 19 survey collected in April 2020, we show how the aggregate shock …. Further the panel allows comparisons with a pre-pandemic baseline. We document how the shock of the pandemic translates into …
Persistent link: https://www.econbiz.de/10012226071
the unemployment rate and the adverse labor supply effect of the pandemic is more pronounced than implied by the labor …
Persistent link: https://www.econbiz.de/10014083852