全球智库信息集成服务系统(G2TT): DP17376 Temporary Layoffs, Loss-of-Recall, and Cyclical Unemployment Dynamics

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP17376
	DP17376 Temporary Layoffs, Loss-of-Recall, and Cyclical Unemployment Dynamics
	Mark Gertler; Christopher Huckfeldt; Antonella Trigari
发表日期	2022-06-10
出版年	2022
语种	英语
摘要	We revisit the role of temporary layoffs in the business cycle. While many have emphasized a stabilizing effect due to recall hiring, we quantify from the data an important countercyclical destabilizing effect due to “loss-of-recall”, whereby workers in temporary-layoff unemployment lose their job permanently. We develop a quantitative model allowing for endogenous flows of workers across employment and both temporary-layoff and jobless unemployment. The model captures both pre- and post-pandemic unemployment dynamics, including the recessionary role of loss-of-recall. We use our structural model to show that the Paycheck Protection program generated sizable employment gains, in part by significantly reducing loss-of-recall.
主题	Labour Economics ; Monetary Economics and Fluctuations
关键词	Temporary layoffs Recalls Loss-of-recall Unemployment Business cycles
URL	https://cepr.org/publications/dp17376
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/546429
推荐引用方式 GB/T 7714	Mark Gertler,Christopher Huckfeldt,Antonella Trigari. DP17376 Temporary Layoffs, Loss-of-Recall, and Cyclical Unemployment Dynamics. 2022.