Journal Article

Job Loss Consequences and the Pandemic Recession

Abstract: 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.

Keywords: COVID 19; recession;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2023-02-03

Volume: 2023

Issue: 02

Pages: 9