Short-Term Economic Consequences of COVID-19: Exposure to Disease, Remote Work and Government Response [open pdf - 0B]
From the Abstract: "In this ongoing project, we examine the short-term consequences of COVID-19 [coronavirus disease 2019] 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 increased 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 [sic] that COVID-19 increases labor market inequalities. We also investigate whether the economic consequences of this pandemic were larger for certain occupations."
IZA DP No. 13159; ZA Discussion Paper No. 13159
IZA Institute of Labor Economics
IZA Institute of Labor Economics: https://www.iza.org/