Unemployment Effects of Stay-at-Home Orders: Evidence from High-Frequency Claims Data
Unemployment Effects of Stay-at-Home Orders: Evidence from High-Frequency Claims Data
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DOI：
10.1162/rest_a_00996
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发表时间：
2021-12-02
影响因子：
8
通讯作者：
Mui, Preston
中科院分区：
文献类型：
--
作者：
Baek, ChaeWon;McCrory, Peter B.;Mui, Preston
我们在美国使用高频率、分散实施的居家（SAH）订单，将SAH订单对劳动力市场的影响与COVID-19疫情造成的整体经济混乱分开。我们发现，每周的SAH暴露增加了一个国家的每周首次失业保险（UI）索赔的1.9%，其就业水平相对于其他国家。粗略计算表明，在3月14日至4月4日期间的1700万份UI索赔中，只有400万份可归因于SAH订单。我们提出了一个货币联盟模型，以提供条件，将这一估计映射到总的就业损失。
We use the high-frequency, decentralized implementation of stay-at-home (SAH) orders in the United States to disentangle the labor market effects of SAH orders from the general economic disruption wrought by the COVID-19 pandemic. We find that each week of SAH exposure increased a state's weekly initial unemployment insurance (UI) claims by 1.9% of its employment level relative to other states. A back-of-the-envelope calculation implies that of the 17 million UI claims between March 14 and April 4, only 4 million were attributable to SAH orders. We present a currency union model to provide conditions for mapping this estimate to aggregate employment losses.