| Item Type |
Journal paper
|
| Abstract |
We use an accounting framework to evaluate the aggregate impact of a common lockdown policy for 85 countries. We find that poorer countries devote more labor to essential activities that are unaffected by the lockdown, while richer countries can more easily substitute non-essential employment with work from home. The lockdown generates an employment response that is U-shaped in income: it drops by 32% in the poorest quintile of the distribution, by 36% in the middle quintile, and by 31% in the richest quintile. Annualized GDP declines by 39% in the bottom three quintiles and by 31% in the richest quintile. Agriculture, an essential sector, is key in sustaining employment and economic activity in poorer countries. |
| Authors |
Gottlieb, Charles; Grobovsek, Jan; Poschke, Markus & Saltiel, Fernando |
| Journal or Publication Title |
The B.E. Journal of Macroeconomics |
| Language |
English |
| Subjects |
economics |
| HSG Classification |
contribution to scientific community |
| HSG Profile Area |
SEPS - Economic Policy |
| Refereed |
Yes |
| Date |
February 2021 |
| ISSN |
2194-6116 |
| ISSN-Digital |
1935-1690 |
| Publisher DOI |
https://doi.org/10.1515/bejm-2020-0251 |
| Official URL |
https://www.degruyter.com/document/doi/10.1515/bej... |
| Depositing User |
Prof. Ph.D Charles Gottlieb
|
| Date Deposited |
03 Feb 2021 14:15 |
| Last Modified |
09 Dec 2022 01:26 |
| URI: |
https://www.alexandria.unisg.ch/publications/262250 |
Lockdown Accounting
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