Employment hysteresis in the United States during the COVID-19 pandemic

被引：14
|
作者：
Zhang, Xinyi [1 ]
Gozgor, Giray [2 ]
Lu, Zhou [3 ]
Zhang, Jinhua [4 ]
机构：
[1] Capital Univ Econ & Business, Sch Accounting, Beijing, Peoples R China
[2] Istanbul Medeniyet Univ, Fac Polit Sci, Istanbul, Turkey
[3] Tianjin Univ Commerce, Sch Business, Tianjin, Peoples R China
[4] Zhejiang Univ Technol, Sch Econ, Hangzhou, Peoples R China
来源：
ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA | 2021年 / 34卷 / 01期
关键词：
Employment hysteresis hypothesis; COVID-19; pandemic; United States; nonlinear unit root tests; half-life;
D O I：
10.1080/1331677X.2021.1875253
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we test the validity of the employment hysteresis hypothesis. For this purpose, we use daily employment data at the national and state levels in the United States from January 8, 2020, to May 30, 2020. We apply the modified version of the Kapetanios-Shin unit root test, along with finite-sample critical values. We find that the employment hysteresis hypothesis is valid in the United States during the COVID-19 era. The validity of the findings does not change when data at the national and state levels are used. The evidence is also valid when the employment levels for all firms and small firms are considered. The results are also robust to employment levels for workers at different income levels and employment in five different sectors.
引用
收藏
页码：3343 / 3354
页数：12
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