Job loss consequences and the pandemic recession

Workers displaced during the pandemic recession experienced better subsequent earnings and employment outcomes than workers displaced during previous recessions. A sharp recovery in aggregate labor market conditions after the pandemic recession accounts for these better outcomes. The industry and oc...

Full description

Saved in:
Bibliographic Details
Published in:Economic commentary (Cleveland) 2023-02 (2023-02), p.1-9
Main Authors: Guo, Angela, Krolikowski, Pawel, Tang, Meifeng
Format: Article
Language:English
Subjects:
Displaced workers
Economic aspects
Economic conditions
Employment
Epidemics
Forecasts and trends
Labor market
Pandemics
Recessions
Unemployment
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Workers displaced during the pandemic recession experienced better subsequent earnings and employment outcomes than workers displaced during previous recessions. A sharp recovery in aggregate labor market conditions after the pandemic recession accounts for these better outcomes. The industry and occupation composition of displaced workers, the prevalence of worker recalls, and the uptake of unemployment insurance benefits are unlikely explanations.
ISSN:2163-3738
0428-1276
2163-3738
DOI:10.26509/frbc-ec-202302