| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28871 |
| 来源ID | Working Paper 28871 |
| This Time is Not so Different: Income Dynamics During the COVID-19 Recession | |
| Brian D. Bell; Nicholas Bloom; Jack Blundell | |
| 发表日期 | 2021-05-31 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We use a UK employer-employee administrative earnings dataset to investigate the response of earnings and hours to business cycles. Exploiting our long panel of data from 1975 to 2020 we find wide heterogeneity in the exposure of different types of workers to aggregate shocks. Employees who are younger, male, lower-skilled, non-union, and working in smaller private sector firms show the largest earnings response to recessions. The qualitative patterns of earnings changes across workers observed in the COVID-19 recession are broadly as predicted using the previously estimated exposures and size of the GDP shock. This suggests the COVID-19 recession in terms of its impact responses was relatively similar to those that have gone before, but the GDP shock was far larger in absolute size. Compared to aggregate shocks, we find a relatively small role of firm-specific shocks, suggesting macro shocks play an outsized role in individual earnings dynamics. |
| 主题 | Labor Economics ; COVID-19 |
| URL | https://www.nber.org/papers/w28871 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586545 |
| 推荐引用方式 GB/T 7714 | Brian D. Bell,Nicholas Bloom,Jack Blundell. This Time is Not so Different: Income Dynamics During the COVID-19 Recession. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28871.pdf（561KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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