THE COVID-19 PANDEMIC ECONOMIC COSTS IN TERMS OF LABOUR FORCE LOSS

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F27590101%3A_____%2F22%3A00000223" target="_blank" >RIV/27590101:_____/22:00000223 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/61384399:31150/22:00058925

Výsledek na webu

<a href="https://eurrec.org/ijoes-article-117036" target="_blank" >https://eurrec.org/ijoes-article-117036</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.52950/ES.2022.11.2.001" target="_blank" >10.52950/ES.2022.11.2.001</a>

Jazyk výsledku

angličtina

Název v původním jazyce

THE COVID-19 PANDEMIC ECONOMIC COSTS IN TERMS OF LABOUR FORCE LOSS

Popis výsledku v původním jazyce

Within a broader context of economic costs of the recent pandemic we calculate the excess deaths during the COVID-19 pandemic over the whole population and split them into age subgroups. Further, we estimate the cost of the labor force lost due to the pandemic. We employ a general additive model to set up a counterfactual time series of weekly deaths to count the number of deaths if the pandemic did not occur. Subtracting counterfactual series from the actual number of fatalities provides us with the excess deaths. The amount of excess deaths in the whole population is not statistically different from the COVID-19 victims reported by the Ministry of Health. However, we find excess deaths that are substantially higher than the reported COVID-19 causalities in the age group from 35 to 59 years. We estimated the costs of the lost labor force to be approximately 0.03% of the Czech 2021 GDP.

Název v anglickém jazyce

THE COVID-19 PANDEMIC ECONOMIC COSTS IN TERMS OF LABOUR FORCE LOSS

Popis výsledku anglicky

Within a broader context of economic costs of the recent pandemic we calculate the excess deaths during the COVID-19 pandemic over the whole population and split them into age subgroups. Further, we estimate the cost of the labor force lost due to the pandemic. We employ a general additive model to set up a counterfactual time series of weekly deaths to count the number of deaths if the pandemic did not occur. Subtracting counterfactual series from the actual number of fatalities provides us with the excess deaths. The amount of excess deaths in the whole population is not statistically different from the COVID-19 victims reported by the Ministry of Health. However, we find excess deaths that are substantially higher than the reported COVID-19 causalities in the age group from 35 to 59 years. We estimated the costs of the lost labor force to be approximately 0.03% of the Czech 2021 GDP.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

International Journal of Economic Sciences

ISSN

1804-9796

e-ISSN

—

Svazek periodika

XI

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

1-12

Kód UT WoS článku

000901443200002

EID výsledku v databázi Scopus

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