Predicting the supply and demand shocks of the COVID-19 pandemic: An industry and occupation perspective. 16/05/2020
del Rio-Chanona, Maria ; Mealy, Penny ; Pichler, Anton ; Lafond, François ; Farmer, Doyne J.
Centre for Economic Policy Research, London
CEPR - London
2020
epidemic disease ; economic impact ; employment
Economics
https://voxeu.org/article/industry-and-occupation-perspective-effects-covid-19
English
Statistics;Bibliogr.
"Many researchers have studied the adverse impacts of the negative supply shock due to measures taken to combat the spread of COVID-19. This column provides estimates of occupation- and industry-specific effects of both the supply and the demand shock for the US. US GDP is predicted to decline by 22% compared to the pre-COVID-19 period, and 24% of US jobs are likely to be vulnerable. The adverse effects are further estimated to be strongest for low-wage workers who might face employment reductions of up to 42% while high-wage workers are estimated to experience a 7% decrease."
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