Arbeitspapier
Essentially unemployed: Potential implications of the COVID-19 crisis on wage inequality
The aim of this paper is to determine how wage inequality is likely to be affected by the current COVID-19 pandemic. I first estimate the impact that social distancing will have on US state-level employment using pre-crisis industry data. I then consider the joint impact of states' unemployment benefit programs and the federal CARES Act on national inequality using representative sampling and Markov-Chain-Monte-Carlo estimations. I find that while wage inequality is likely to improve in the short-run with the added federal subsidy, allowing this support to expire prematurely will result in a worsening of pre-crisis wage inequality.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2020-06
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Macroeconomics: Consumption, Saving, Production, Employment, and Investment: Forecasting and Simulation: Models and Applications
Statistical Simulation Methods: General
- Thema
-
Wage inequality
unemployment
COVID-19
Markov-Chain-Monte-Carlo
Gibbs sampling
structuralist method
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schiavone, Ansel
- Ereignis
-
Veröffentlichung
- (wer)
-
The University of Utah, Department of Economics
- (wo)
-
Salt Lake City, UT
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schiavone, Ansel
- The University of Utah, Department of Economics
Entstanden
- 2020
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