Arbeitspapier
The Short-Term Economic Consequences of COVID-19: Exposure to Disease, Remote Work and Government Response
In this ongoing project, we examine the short-term consequences of COVID- 19 on employment and wages in the United States. Guided by a pre-analysis plan, we document the impact of COVID-19 at the national-level using a simple difference and test whether states with relatively more confirmed cases/deaths were more affected. Our findings suggest that COVID-19 in- creased the unemployment rate, decreased hours of work and labor force participation and had no significant impacts on wages. The negative impacts on labor market outcomes are larger for men, younger workers, Hispanics and less-educated workers. This suggest that COVID-19 increases labor market inequalities. We also investigate whether the economic consequences of this pandemic were larger for certain occupations. We built three indexes using ACS and O*NET data: workers relatively more exposed to disease, work- ers that work with proximity to coworkers and workers who can easily work remotely. Our estimates suggest that individuals in occupations working in proximity to others are more affected while occupations able to work remotely are less affected. We also find that occupations classified as more exposed to disease are less affected, possibly due to the large number of essential workers in these occupations.
- Language
-
Englisch
- Bibliographic citation
-
Series: GLO Discussion Paper ; No. 524
- Classification
-
Wirtschaft
Health and Economic Development
Health: Government Policy; Regulation; Public Health
Labor Force and Employment, Size, and Structure
- Subject
-
COVID-19
unemployment
wages
remote work
exposure to disease
- Event
-
Geistige Schöpfung
- (who)
-
Béland, Louis-Philippe
Brodeur, Abel
Wright, Taylor
- Event
-
Veröffentlichung
- (who)
-
Global Labor Organization (GLO)
- (where)
-
Essen
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Béland, Louis-Philippe
- Brodeur, Abel
- Wright, Taylor
- Global Labor Organization (GLO)
Time of origin
- 2020
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