Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective

George Sheldon ()
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George Sheldon: University of Basel

Swiss Journal of Economics and Statistics, 2020, vol. 156, issue 1, 1-9

Abstract: Abstract The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historical perspective, current unemployment as well as that expected by the federal authorities in the medium term do not seem that dramatic. Current hazard rates present a different picture, however, predicting increases in both the unemployment rate and long-term unemployment to record levels.

Keywords: Unemployment; Incidence; Duration; Covid-19; Switzerland (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1186/s41937-020-00058-6

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