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来源类型Working Paper
规范类型报告
DOI10.3386/w27105
来源IDWorking Paper 27105
Pandemic Recession: L or V-Shaped?
Victoria Gregory; Guido Menzio; David G. Wiczer
发表日期2020-05-11
出版年2020
语种英语
摘要We develop and calibrate a search-theoretic model of the labor market in order to forecast the evolution of the aggregate US labor market during and after the coronavirus pandemic. The model is designed to capture the heterogeneity of the transitions of individual workers across states of unemployment, employment and across different employers. The model is also designed to capture the trade-offs in the choice between temporary and permanent layoffs. Under reasonable parametrizations of the model, the lockdown instituted to prevent the spread of the novel coronavirus is shown to have long-lasting negative effects on unemployment. This is so because the lockdown disproportionately disrupts the employment of workers who need years to find stable jobs.
主题Macroeconomics ; COVID-19
URLhttps://www.nber.org/papers/w27105
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584778
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GB/T 7714
Victoria Gregory,Guido Menzio,David G. Wiczer. Pandemic Recession: L or V-Shaped?. 2020.
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