Labor Markets During the COVID-19 Crisis: A Preliminary View

Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael

doi:10.3386/w27017

Cited by 554 publications

(368 citation statements)

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“…This paper also contributes to emerging literature on the impact of the crisis on the labor market and it does so with real-time administrative data rather than relying on survey-based or partial industry-based information (see for example Adams-Prassl et al, 2020, Bartik et al 2020, and Coibion, Gorodnichenko and Weber, 2020.…”

mentioning

confidence: 99%

The First Weeks of the Coronavirus Crisis: Who Got Hit, When and Why? Evidence from Norway

Alstadsæter¹,

Bratsberg²,

Eielsen³

et al. 2020

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This article is part of the report from the research project "Temporary and permanent layoffs under Covid-19". Thanks to the Norwegian Directorate of Labour and Welfare and Statistics Norway for supplying the registry data, to Trond Vigtel for assistance with the data, and to Maria Hoen for assistance with the linking of data from the O*NET database to Norwegian occupation codes. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

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mentioning

confidence: 99%

The First Weeks of the Coronavirus Crisis: Who Got Hit, When and Why? Evidence from Norway

Alstadsæter¹,

Bratsberg²,

Eielsen³

et al. 2020

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“…The most recent studies indicate that in the USA the employment ratio in February 2020 (just before the outbreak in the USA) was over 61%, while in beginning of April 2020 it was 51%. The unemployment rate increased from 3.5% prior to the crisis to almost 11% in April 2020 (Coibion, Gorodnichenko and Weber, 2020). Sebastian Doerr and Leonardo Gambacorta (2020) assessed the situation on the European labour market in the aspect of employment risk indices.…”

Section: Literature Reviewmentioning

confidence: 99%

Survival analysis in assessment of influence of the SARS-CoV-2 pandemic on probability and intensity of decline in the value of stock indices

Bieszk‐Stolorz

Dmytrów

2020

Preprint

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The aim of the study is to assess the strength of the world stock exchanges reaction to the SARS-CoV-2 coronavirus pandemic at the turn of 2019-2020. The risk and intensity of the decline in the values of the basic stock indices were analysed. The spreading pandemic within a few months covered all continents and had a significant impact on the socio-economic situation of all countries. The study used methods of duration analysis. The time of the 20% drop in stock market indices was studied. This is a value that is taken as a sign of crisis. Kaplan-Meier's estimator was used to assess the probability of indices' value decrease. The risk of decline was determined by means of a logit model and the intensity of the decline was determined by means of an empirical hazard estimator and a Cox proportional hazard model. The intensity and risk of decline of stock indices varied from continent to continent. The intensity was highest in the fourth and eighth week after the peak and was highest on European exchanges and then American and Asian exchanges (including Australia). The risk of falling stock indices was highest in America, followed by Europe, Asia and Australia, and lowest in Africa. Half of the analysed indices recorded a 20-percent drop in value after 52 days (median duration). The study is a prelude to further analyses related to the crisis and the normalisation of the situation on world stock exchanges. It allows to learn about the impact of the pandemic on the economic situation and to detect differences between the continents. The methods from the survival analysis are used in the study to assess the impact of the pandemic on the intensity and risk of decline in stock exchange indices.

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“…Nearly universally, individuals are reporting experiencing a number of adverse mental health effects due to social isolation measures (Rossi et al, 2020;Wang et al, 2020;Williams et al, 2020). In addition to social isolation, people are coping with other circumstances caused by COVID-19 that are traditionally linked to harmful sequelae, including, but not limited to: job loss and unemployment (Coibion et al, 2020), global economic recession (Fernandes, 2020), grief (Wallace et al, 2020), and anxiety about infection (Ho et al, 2020). An unintended consequence that may occur as a result of the interactions amongst these unique conditions is family violence.…”

Section: Introductionmentioning

confidence: 99%

Reduced child maltreatment prevention service case openings during COVID-19

Whaling

Sarkissian

Larez

et al. 2020

Preprint

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Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2; COVID-19), is a novel virus that has swept the world causing illness and death. Youth are at a heightened risk of experiencing increased rates of abuse given necessary measures required to slow the spread of the virus (e.g., indefinite school closures). We analyzed data from New York City’s Administration for Children’s Services (ACS) to investigate the frequency of child maltreatment prevention service case openings during this time of unprecedented stress. Two descriptive investigations were conducted. An examination of trend lines demonstrated that for 2013-2019, New York City’s new prevention case openings have consistently peaked in the month of March, for all seven years. New prevention case service openings in March 2020 do not peak, as they do in the preceding seven years. An independent samples t-test indicated that the frequency of case openings of March 2020 is significantly different than the frequency of case openings in March 2013-2019. Further, a Poisson regression model estimated that the odds of opening a new child maltreatment prevention case post-COVID-19 are 179% lower than opening a new child maltreatment case pre-COVID-19 (OR = -0.79, p < .001). These findings highlight the necessity of future research and innovation regarding child maltreatment prevention and intervention services during a global pandemic. This study has important implications for identification, prevention, and documentation for current support, and recommendations for local governments, community members, and practitioners are provided.

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Labor Markets During the COVID-19 Crisis: A Preliminary View

Cited by 554 publications

References 0 publications

The First Weeks of the Coronavirus Crisis: Who Got Hit, When and Why? Evidence from Norway

The First Weeks of the Coronavirus Crisis: Who Got Hit, When and Why? Evidence from Norway

Survival analysis in assessment of influence of the SARS-CoV-2 pandemic on probability and intensity of decline in the value of stock indices

Reduced child maltreatment prevention service case openings during COVID-19

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