COVID-19, labor demand, and government responses: evidence from job posting data.
Bus Econ
; 56(1): 29-42, 2021.
Article
in English
| MEDLINE | ID: covidwho-972326
ABSTRACT
Using high-frequency job advertisement data, this paper evaluates dynamics among COVID-19, labor market, and government policies. We find that COVID-19 has caused a significant decline in labor demand, by as much as 30%, measured by the number of job advertisements. But the pandemic did not result in noticeable changes in advertised wages. Regarding the roles of government policies, the study finds that the "stay-at-home" measures implemented by states appeared to suppress labor demand. The Paycheck Protection Program (PPP) program helps to stabilize the advertised wages, but also suppresses labor demand. Finally, the pandemic may increase labor demand for certain healthcare-related occupations.
Full text:
Available
Collection:
International databases
Database:
MEDLINE
Type of study:
Experimental Studies
Language:
English
Journal:
Bus Econ
Year:
2021
Document Type:
Article
Affiliation country:
S11369-020-00192-2
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