What cannot be cured must be endured: The long-lasting effect of a COVID-19 infection on workplace productivity
Kai Fischer,
J Reade and
Wolfgang Schmal
Labour Economics, 2022, vol. 79, issue C
Abstract:
The COVID-19 pandemic has triggered economic shock waves across the globe. Exploiting a natural experiment, this paper estimates how being infected with the virus shapes individual-level productivity after having recovered. Studying the performance of professional athletes in Germany and Italy and applying a staggered difference-in-differences design, we find that individual performance drops by around 6 percent after a previously infected athlete returns to the pitch. This striking deterioration remains persistent over time – amounting to 5% eight months after the infection. The effect increases with age and infection severity, and is spread disproportionally over the course of a match. We detect no productivity effects for other respiratory infections. We take these findings as first evidence that the pandemic might cause long-lasting effects on worker productivity and economic growth.
Keywords: Labor productivity; Economic costs of COVID-19; Public health (search for similar items in EconPapers)
JEL-codes: H12 I18 J21 J24 J44 O47 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:79:y:2022:i:c:s0927537122001713
DOI: 10.1016/j.labeco.2022.102281
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