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Labor markets during pandemics

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  • Kapička, Marek
  • Rupert, Peter

Abstract

The COVID-19 pandemic has killed millions across the globe and government responses have led to tens of millions of jobs lost. This paper combines the SIR epidemic model with a frictional labor market to examine the interaction between infection, wages and unemployment.

Suggested Citation

  • Kapička, Marek & Rupert, Peter, 2022. "Labor markets during pandemics," Journal of Economic Theory, Elsevier, vol. 204(C).
    • Handle: RePEc:eee:jetheo:v:204:y:2022:i:c:s0022053122001107
    DOI: 10.1016/j.jet.2022.105520
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    References listed on IDEAS

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    1. Victoria Gregory & Guido Menzio & David Wiczer, 2020. "Pandemic Recession: L- or V-Shaped?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 40(01), pages 1-31, May.
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    Cited by:

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    3. Seržantė Milena & Pakalka Algimantas, 2022. "Assessment of the Impact of COVID-19 Pandemic on the Service Sector in Lithuania," Economics and Culture, Sciendo, vol. 19(2), pages 57-69, December.
    4. Giagheddu, Marta & Papetti, Andrea, 2023. "The macroeconomics of age-varying epidemics," European Economic Review, Elsevier, vol. 151(C).

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    More about this item

    Keywords

    Mortensen-Pissarides; SIR; Labor market; COVID-19;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining

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