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Title
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Bringing back the jobs lost to Covid-19 : the role of fiscal policy
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Author
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Abstract
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| Covid-19 induced job losses occurred predominantly in industries with intensive worker-client interaction as well as in pink-collar and blue-collar occupations. We study the ability of fiscal policy to stabilize employment by occupation and industry during the Covid-19 crisis. We use a multi-sector, multi-occupation macroeconomic model and investigate different fiscal policy instruments that help the economy recover faster. We show that fiscal stimuli foster job growth for hard-hit pink-collar workers, whereas stimulating blue-collar job creation is more challenging. A cut in labor taxes performs best in stabilizing total employment and the employment composition. |
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Language
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English
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Source (journal)
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Covid Economics: Vetted and Real-Time Papers
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Publication
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London
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Center for Economic Policy Research
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2020
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Volume/pages
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29
, p. 99-140
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Full text (open access)
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