COVID-19: how much unemployment was caused by the shutdown in Germany?

被引:77
|
作者
Bauer, Anja [1 ]
Weber, Enzo [1 ,2 ]
机构
[1] Inst Employment Res, Dept Forecasts & Macroecon Anal, Nurnberg, Germany
[2] Univ Regensburg, Chair Empir Econ, Regensburg, Germany
关键词
COVID-19; treatment effect; unemployment;
D O I
10.1080/13504851.2020.1789544
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:1053 / 1058
页数:6
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