Working Paper: CEPR ID: DP14665
Authors: Abigail Adams; Teodora Boneva; Christopher Rauh; Marta Golin
Abstract: 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 countries, the impacts are highly unequal and exacerbate existing inequalities. Workers in alternative work arrangements and in occupations in which only a small share of tasks can be done from home are more likely to have reduced their hours, lost their jobs and suffered falls in earnings. Less educated workers and women are more affected by the crisis.
Keywords: recessions; inequality; labor market; unemployment; coronavirus
JEL Codes: J21; J22; J24; J33; J63
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| COVID-19 crisis (H12) | job loss (J63) |
| ability to perform tasks from home (J22) | job loss probability (J63) |
| gender (J16) | job loss (J63) |
| education (I29) | job loss (J63) |
| job characteristics (M54) | job security (J28) |