全球智库信息集成服务系统(G2TT): Dynamic Trade-offs and Labor Supply Under the CARES Act

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27727
来源ID	Working Paper 27727
	Dynamic Trade-offs and Labor Supply Under the CARES Act
	Corina Boar; Simon Mongey
发表日期	2020-08-24
出版年	2020
语种	英语
摘要	The CARES Act resulted in many unemployed workers receiving benefits that exceeded wages at their previous job. Given this, would an unemployed worker reject an offer to return to their former job at the same wage? Qualitatively, we provide a very simple dynamic model that incorporates four reasons the answer could be ‘no’: (i) the temporary nature of the CARES Act, (ii) uncertainty that their return-to-work offer might expire, (iii) search frictions, and (iv) wage losses out of unemployment in a recession. Quantitatively, when evaluated under empirically relevant parameters, we find it unlikely a worker would reject an offer to return to work at the same wage. We show special cases where this is not true and relate these to anecdotal evidence.
主题	Macroeconomics ; Consumption and Investment ; Labor Economics ; Unemployment and Immigration ; COVID-19
URL	https://www.nber.org/papers/w27727
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585399
推荐引用方式 GB/T 7714	Corina Boar,Simon Mongey. Dynamic Trade-offs and Labor Supply Under the CARES Act. 2020.