Bauer, Anja and Weber, Enzo (2020) COVID-19: how much unemployment was caused by the shutdown in Germany? APPLIED ECONOMICS LETTERS. ISSN 1350-4851, 1466-4291
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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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | COVID-19; treatment effect; unemployment |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Empirische Wirtschaftsforschung, insbesondere Makroökonomie und Arbeitsmarkt (Prof. Dr. Enzo Weber) |
| Depositing User: | Petra Gürster |
| Date Deposited: | 14 Apr 2021 07:44 |
| Last Modified: | 14 Apr 2021 07:44 |
| URI: | https://pred.uni-regensburg.de/id/eprint/44218 |
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