Abstract
The author examines the short-term labor market effects of the COVID-19 pandemic (aka the Great Lockdown recession) in the United States. Findings show that the task content is an important predictor of job losses; jobs with a high non-routine cognitive content are especially well-protected, even if they are not teleworkable. Teleworkability matters more for low-paying jobs. The importance of task content, particularly for non-routine cognitive tasks, is strong even after controlling for demographics and for differential sector and location shocks, while effects persist in the medium run. Jobs subject to higher structural turnover rates were much more likely to be terminated, suggesting that easier-to-replace employees were at a particular disadvantage, even within sectors. At the same time, labor hoarding may occur for more valuable matches. Individuals in low-skilled jobs fared comparatively better in industries with a high share of high-skilled workers, suggesting complementarities across skill types.
Get full access to this article
View all access options for this article.
References
Supplementary Material
Please find the following supplemental material available below.
For Open Access articles published under a Creative Commons License, all supplemental material carries the same license as the article it is associated with.
For non-Open Access articles published, all supplemental material carries a non-exclusive license, and permission requests for re-use of supplemental material or any part of supplemental material shall be sent directly to the copyright owner as specified in the copyright notice associated with the article.
