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Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective

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  • George Sheldon

    (University of Basel)

Abstract

The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historical perspective, current unemployment as well as that expected by the federal authorities in the medium term do not seem that dramatic. Current hazard rates present a different picture, however, predicting increases in both the unemployment rate and long-term unemployment to record levels.

Suggested Citation

  • George Sheldon, 2020. "Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 156(1), pages 1-9, December.
    • Handle: RePEc:spr:sjecst:v:156:y:2020:i:1:d:10.1186_s41937-020-00058-6
    DOI: 10.1186/s41937-020-00058-6
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    References listed on IDEAS

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    1. Baltensperger,Ernst & Kugler,Peter, 2017. "Swiss Monetary History since the Early 19th Century," Cambridge Books, Cambridge University Press, number 9781107199309, November.
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    3. Robert Shimer, 2012. "Reassessing the Ins and Outs of Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 127-148, April.
    4. Richard Stone, 1973. "A System Of Social Matrices," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(2), pages 143-166, June.
    5. Stephen W. Salant, 1977. "Search Theory and Duration Data: A Theory of Sorts," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(1), pages 39-57.
    6. Sider, Hal, 1985. "Unemployment Duration and Incidence: 1968-82," American Economic Review, American Economic Association, vol. 75(3), pages 461-472, June.
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    Cited by:

    1. Beata Bieszk-Stolorz & Iwona Markowicz, 2022. "The Impact of the COVID-19 Pandemic on the Situation of the Unemployed in Poland. A Study Using Survival Analysis Methods," Sustainability, MDPI, vol. 14(19), pages 1-19, October.
    2. Jianwei Huang & Mei-Po Kwan, 2022. "Examining the Influence of Housing Conditions and Daily Greenspace Exposure on People’s Perceived COVID-19 Risk and Distress," IJERPH, MDPI, vol. 19(14), pages 1-19, July.
    3. Peter Kugler & George Sheldon, 2023. "A monthly leading indicator of Swiss GDP growth based on Okun’s law," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 159(1), pages 1-14, December.
    4. Oussama Abi Younes & Sumru Altug, 2021. "The COVID-19 Shock: A Bayesian Approach," JRFM, MDPI, vol. 14(10), pages 1-15, October.

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