Lockdown Accounting
Journal
Covid Economics
Type
journal article
Date Issued
2020-06-18
Author(s)
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.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Economic Policy
Refereed
Yes
Publisher
CEPR
Subject(s)
Division(s)
Eprints ID
262457
File(s)![Thumbnail Image]()
Name
CovidEconomics31.pdf
Size
3.94 MB
Format
Adobe PDF
Checksum (MD5)
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