COVID-19: how much unemployment was caused by the shutdown in Germany?
By Anja Bauer, Enzo Weber. 2020
137 citations recorded by the source corpus.
ABSTRACT This paper evaluates the short-term labour market impact of the COVID-19 containment measures in Germany. By assessing the treatment effect on unemployment via difference-in-difference estimation, we find that 60% of the considerably increased inflows from employment into unemployment in April 2020 were due to the shutdown measures. Disentangling further, we find that the hiring margin accounted for additional 82% of the unemployment effect coming from the separations margin. In sum, the shutdown measures increased unemployment in the short run by 117,000 persons.
Subfields: Economics and Econometrics, General Health Professions, Modeling and Simulation
View Paper: https://www.semanticscholar.org/paper/c8de124d822d2646f8dd6ab4f1f08ebec926234b
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In Economics and Econometrics
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Citations in the corpus
- COVID-19 pandemic and unemployment dynamics in European economies (2021, background): “This situation is even becoming worse for most of the population as it is essential to spare money for health-related expenditures during the pandemic (Bauer & Weber, 2020).”