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Cajner, Tomaz [VerfasserIn] ; Crane, Leland D. [Sonstige Person, Familie und Körperschaft]; Decker, Ryan A. [Sonstige Person, Familie und Körperschaft]; Grigsby, John [Sonstige Person, Familie und Körperschaft]; Hamins-Puertolas, Adrian [Sonstige Person, Familie und Körperschaft]; Hurst, Erik [Sonstige Person, Familie und Körperschaft]; Kurz, Christopher [Sonstige Person, Familie und Körperschaft]; Yildirmaz, Ahu [Sonstige Person, Familie und Körperschaft] National Bureau of Economic Research

The U.S. Labor Market during the Beginning of the Pandemic Recession

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  • Medientyp: E-Book
  • Titel: The U.S. Labor Market during the Beginning of the Pandemic Recession
  • Beteiligte: Cajner, Tomaz [VerfasserIn]; Crane, Leland D. [Sonstige Person, Familie und Körperschaft]; Decker, Ryan A. [Sonstige Person, Familie und Körperschaft]; Grigsby, John [Sonstige Person, Familie und Körperschaft]; Hamins-Puertolas, Adrian [Sonstige Person, Familie und Körperschaft]; Hurst, Erik [Sonstige Person, Familie und Körperschaft]; Kurz, Christopher [Sonstige Person, Familie und Körperschaft]; Yildirmaz, Ahu [Sonstige Person, Familie und Körperschaft]
  • Körperschaft: National Bureau of Economic Research
  • Erschienen: Cambridge, Mass: National Bureau of Economic Research, 2020
  • Erschienen in: NBER working paper series ; no. w27159
  • Umfang: 1 Online-Ressource; illustrations (black and white)
  • Sprache: Englisch
  • DOI: 10.3386/w27159
  • Identifikator:
  • Reproduktionsnotiz: Hardcopy version available to institutional subscribers
  • Entstehung:
  • Anmerkungen: System requirements: Adobe [Acrobat] Reader required for PDF files
    Mode of access: World Wide Web
  • Beschreibung: Using weekly administrative payroll data from the largest U.S. payroll processing company, we measure the evolution of the U.S. labor market during the first four months of the global COVID-19 pandemic. After aggregate employment fell by 21 percent through late-April, employment rebounded somewhat through late-June. The re-opening of temporarily shuttered businesses contributed significantly to the employment rebound, particularly for smaller businesses. We show that worker recall has been an important component of recent employment gains for both re-opening and continuing businesses. Employment losses have been concentrated disproportionately among lower wage workers; as of late June employment for workers in the lowest wage quintile was still 20 percent lower relative to mid-February levels. As a result, average base wages increased between February and June, though this increase arose entirely through a composition effect. Finally, we document that businesses have cut nominal wages for almost 7 million workers while forgoing regularly scheduled wage increases for many others
  • Zugangsstatus: Freier Zugang