Labor markets during pandemics

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F22%3A00560151" target="_blank" >RIV/67985998:_____/22:00560151 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/00216208:11640/22:00560153

Výsledek na webu

<a href="https://doi.org/10.1016/j.jet.2022.105520" target="_blank" >https://doi.org/10.1016/j.jet.2022.105520</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jet.2022.105520" target="_blank" >10.1016/j.jet.2022.105520</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Labor markets during pandemics

Popis výsledku v původním jazyce

The COVID-19 pandemic has killed millions across the globe and government responses have led to tens of millions of jobs lost. This paper combines the SIR epidemic model with a frictional labor market to examine the interaction between infection, wages and unemployment. The labor market is not efficient during the pandemic. Optimal policies show that it is often optimal to shut down businesses and impose a quarantine before the pandemic peaks. A quarantine itself is not enough, however, and must be complemented by additional policies. The policies are not unique and include a Pigouvian “infection tax” on those infected, a tax on susceptible individuals, higher unemployment benefits and a tax on vacancy creation. All policies are state dependent and depend both on the number of unemployed and on the number of infected.

Název v anglickém jazyce

Labor markets during pandemics

Popis výsledku anglicky

The COVID-19 pandemic has killed millions across the globe and government responses have led to tens of millions of jobs lost. This paper combines the SIR epidemic model with a frictional labor market to examine the interaction between infection, wages and unemployment. The labor market is not efficient during the pandemic. Optimal policies show that it is often optimal to shut down businesses and impose a quarantine before the pandemic peaks. A quarantine itself is not enough, however, and must be complemented by additional policies. The policies are not unique and include a Pigouvian “infection tax” on those infected, a tax on susceptible individuals, higher unemployment benefits and a tax on vacancy creation. All policies are state dependent and depend both on the number of unemployed and on the number of infected.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

Výsledek vznikl pri realizaci vícero projektů. Více informací v záložce Projekty.

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

Journal of Economic Theory

ISSN

0022-0531

e-ISSN

1095-7235

Svazek periodika

204

Číslo periodika v rámci svazku

September

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

37

Strana od-do

105520

Kód UT WoS článku

000843011400009

EID výsledku v databázi Scopus

2-s2.0-85135848114