Job Loss Consequences and the Pandemic Recession

Angela Guo, Pawel Krolikowski and Meifeng dup Yang

Economic Commentary, 2023, vol. 2023, issue 02, 9

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 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.26509/frbc-ec-202302

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