Job Loss Consequences and the Pandemic Recession

RePEc Short ID: pgu781
ORCID iD: 0000-0003-1456-2955

Guo, Angela; Krolikowski, Pawel; dup Yang, Meifeng

doi:10.26509/frbc-ec-202302

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;

https://doi.org/10.26509/frbc-ec-202302