Publicação
The macroeconomic impact of COVID 19 on occupations
| Resumo: | We adopt a pandemic-macroeconomic model to simulate the macroeconomic impact of COVID-19 on various occupations under both laissez-faire and government lockdown scenarios. We integrate a SIR model of virus transmission into a simplified neoclassical model and categorize occupations into two groups based on their ability to work remotely. Subsequently, we assess the shock impact of the pandemic on GDP, consumption, and working hours of flexible and rigid occupations. We find that these three variables declined during the pandemic, yet the consumption varied among individuals with different health status. The labour market experienced a recession, with workers in flexible occupations experiencing a relatively milder impact compared to those in rigid occupations. A larger proportion of remote work mitigated the recessionary effects, although it accentuated the disparities between occupations’ income and working hours. The implementation of lockdown policies detrimentally affects welfare, similar to the pandemic itself, but the impact on flexible and rigid occupations differs from that in a laissez-faire scenario. |
|---|---|
| Autores principais: | Li, Xinru |
| Assunto: | COVID-19 Labour Occupations Lockdowns policy |
| Ano: | 2024 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Tipo de acesso: | acesso restrito |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1865920809950773248 |
|---|---|
| author | Li, Xinru |
| author_facet | Li, Xinru Li, Xinru |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_str | [{\"Person.name\":\"Li, Xinru\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Li, Xinru |
| datacite.date.Accepted.fl_str_mv | 2024-09-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2025-03-10T09:57:16Z |
| datacite.date.embargoed.fl_str_mv | 2025-03-10T09:57:16Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_16ec |
| datacite.subjects.subject.fl_str_mv | COVID-19 Labour Occupations Lockdowns policy |
| datacite.titles.title.fl_str_mv | The macroeconomic impact of COVID 19 on occupations |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Li, Xinru |
| dc.date.Accepted.fl_str_mv | 2024-09-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2025-03-10T09:57:16Z |
| dc.date.embargoed.fl_str_mv | 2025-03-10T09:57:16Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/99111 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | Springer |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_16ec |
| dc.subject.none.fl_str_mv | COVID-19 Labour Occupations Lockdowns policy |
| dc.title.fl_str_mv | The macroeconomic impact of COVID 19 on occupations |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_6501 |
| description | We adopt a pandemic-macroeconomic model to simulate the macroeconomic impact of COVID-19 on various occupations under both laissez-faire and government lockdown scenarios. We integrate a SIR model of virus transmission into a simplified neoclassical model and categorize occupations into two groups based on their ability to work remotely. Subsequently, we assess the shock impact of the pandemic on GDP, consumption, and working hours of flexible and rigid occupations. We find that these three variables declined during the pandemic, yet the consumption varied among individuals with different health status. The labour market experienced a recession, with workers in flexible occupations experiencing a relatively milder impact compared to those in rigid occupations. A larger proportion of remote work mitigated the recessionary effects, although it accentuated the disparities between occupations’ income and working hours. The implementation of lockdown policies detrimentally affects welfare, similar to the pandemic itself, but the impact on flexible and rigid occupations differs from that in a laissez-faire scenario. |
| dirty | 0 |
| eu_rights_str_mv | restrictedAccess |
| format | article |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/be565e65-ca7c-442d-b4b5-cb26ea4c11df/download |
| id | ul_7a212da4fa7d163e5a39d90d66d3f708 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/99111 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/99111 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Li, Xinru |
| publishDate | 2024 |
| publisher.none.fl_str_mv | Springer |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engSpringerpt_PTWe adopt a pandemic-macroeconomic model to simulate the macroeconomic impact of COVID-19 on various occupations under both laissez-faire and government lockdown scenarios. We integrate a SIR model of virus transmission into a simplified neoclassical model and categorize occupations into two groups based on their ability to work remotely. Subsequently, we assess the shock impact of the pandemic on GDP, consumption, and working hours of flexible and rigid occupations. We find that these three variables declined during the pandemic, yet the consumption varied among individuals with different health status. The labour market experienced a recession, with workers in flexible occupations experiencing a relatively milder impact compared to those in rigid occupations. A larger proportion of remote work mitigated the recessionary effects, although it accentuated the disparities between occupations’ income and working hours. The implementation of lockdown policies detrimentally affects welfare, similar to the pandemic itself, but the impact on flexible and rigid occupations differs from that in a laissez-faire scenario.application/pdfpt_PTThe macroeconomic impact of COVID 19 on occupationsLi, XinruHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.ptISSNIsPartOf1617-982X (print)DOIIsPartOfdoi.org/10.1007/s10258-023-00249-y2025-03-10T09:57:16Z2024-092024-09-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/99111http://purl.org/coar/access_right/c_16ecrestricted accessCOVID-19LabourOccupationsLockdowns policy1588299 bytesliteraturehttp://purl.org/coar/resource_type/c_6501journal articlehttp://purl.org/coar/access_right/c_16ecapplication/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/be565e65-ca7c-442d-b4b5-cb26ea4c11df/download |
| spellingShingle | The macroeconomic impact of COVID 19 on occupations The macroeconomic impact of COVID 19 on occupations Li, Xinru COVID-19 Labour Occupations Lockdowns policy Li, Xinru COVID-19 Labour Occupations Lockdowns policy |
| status | SINGLETON |
| subject.fl_str_mv | COVID-19 Labour Occupations Lockdowns policy |
| title | The macroeconomic impact of COVID 19 on occupations |
| title_full | The macroeconomic impact of COVID 19 on occupations |
| title_fullStr | The macroeconomic impact of COVID 19 on occupations The macroeconomic impact of COVID 19 on occupations |
| title_full_unstemmed | The macroeconomic impact of COVID 19 on occupations The macroeconomic impact of COVID 19 on occupations |
| title_short | The macroeconomic impact of COVID 19 on occupations |
| title_sort | The macroeconomic impact of COVID 19 on occupations |
| topic | COVID-19 Labour Occupations Lockdowns policy |
| topic_facet | COVID-19 Labour Occupations Lockdowns policy |
| url | http://hdl.handle.net/10400.5/99111 |
| visible | 1 |