Lockdown Accounting

Item Type Journal paper
Abstract

We measure the effect of lockdown policies on employment and GDP across countries using individual- and sector-level data. Employment effects depend on the ability to work from home, which ranges from about half of total employment in rich countries to around 35% in poor countries. This gap reflects differences in occupational composition, self-employment levels, and individual characteristics across countries. GDP effects of lockdown policies also depend on countries' sectoral structure. Losses in poor countries are attenuated by their higher value- added share in essential sectors, notably agriculture. Overall, a realistic lockdown policy implies GDP losses of 20-25% on an annualized basis.

Authors Gottlieb, Charles; Grobovsek, Jan; Poschke, Markus & Fernando, Saltiel
Journal or Publication Title Covid Economics
Language English
Subjects economics
social sciences
HSG Classification contribution to scientific community
HSG Profile Area SEPS - Economic Policy
Refereed Yes
Date 18 June 2020
Publisher CEPR
Official URL https://cepr.org/content/covid-economics-vetted-an...
Depositing User Prof. Ph.D Charles Gottlieb
Date Deposited 24 Feb 2021 22:49
Last Modified 14 Apr 2021 00:25
URI: https://www.alexandria.unisg.ch/publications/262457

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Citation

Gottlieb, Charles; Grobovsek, Jan; Poschke, Markus & Fernando, Saltiel (2020) Lockdown Accounting. Covid Economics,

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https://www.alexandria.unisg.ch/id/eprint/262457
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