“…A closely related strand of literature focuses on documenting the labor market disruptions associated with COVID-19 (e.g., Atkinson, Dolmas, Koch, Koenig, Mertens, Murphy, Yi, 2020 , Andersen, Maclean, Pesko, Simon, 2020 , Coibion, Gorodnichenko, Weber, 2020 , Kong, Prinz, 2020 ). These studies document significant increases in unemployment and estimate job loss numbers of up to 20 million.…”