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Pandemic Layoffs and the Role of Stay-At-Home Orders

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  • Kudlyak, Marianna
  • Wolcott, Erin

Abstract

We compile a novel high-frequency, detailed geographic dataset on mass layoffs from U.S. state labor departments. Using recent advances in difference-in-difference estimation with staggered treatment, we find that locally-mandated stay-at-home orders issued March 16--22, 2020 triggered mass layoffs equal to half a percent of the population in just one week. Our findings contribute to explanations for why job loss in 2020 was catastrophic, yet temporary.

Suggested Citation

  • Kudlyak, Marianna & Wolcott, Erin, 2024. "Pandemic Layoffs and the Role of Stay-At-Home Orders," CEPR Discussion Papers 19240, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:19240
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    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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