Pandemic layoffs and the role of stay-at-home orders

Marianna Kudlyak and Erin L. Wolcott

Economics Letters, 2024, vol. 242, issue C

Abstract: We compile a novel high-frequency, detailed geographic dataset on mass layoffs from U.S. state labor departments. Using recent advances in difference-in-difference estimation with staggered treatment, we find that locally-mandated stay-at-home orders issued March 16–22, 2020 triggered mass layoffs equal to half a percent of the population in just one week. Our findings contribute to explanations for why job loss in 2020 was catastrophic yet temporary.

Keywords: Pandemic; Mass layoffs; Unemployment; Recovery (search for similar items in EconPapers)
JEL-codes: E32 J63 J64 (search for similar items in EconPapers)
Date: 2024
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Related works:
Working Paper: Pandemic Layoffs and the Role of Stay-At-Home Orders (2024)
Working Paper: Pandemic Layoffs and the Role of Stay-At-Home Orders (2024)
Working Paper: Pandemic Layoffs and the Role of Stay-at-Home Orders (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:242:y:2024:i:c:s0165176524003781

DOI: 10.1016/j.econlet.2024.111894

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