Lockdown Accounting-Reference-Cited by-同舟云学术

Lockdown Accounting

Published:2021-02-09 Issue:1 Volume:22 Page:197-210
ISSN:1935-1690
Container-title:The B.E. Journal of Macroeconomics
language:en
Short-container-title:

Author:

Gottlieb Charles¹,Grobovšek Jan²,Poschke Markus³,Saltiel Fernando³

Affiliation:

1. University of St. Gallen , Sankt Gallen , Switzerland

2. University of Edinburgh , Edinburgh , UK

3. McGill University , Montreal , Canada

Abstract

Abstract We use an accounting framework to evaluate the aggregate impact of a common lockdown policy for 85 countries. We find that poorer countries devote more labor to essential activities that are unaffected by the lockdown, while richer countries can more easily substitute non-essential employment with work from home. The lockdown generates an employment response that is U-shaped in income: it drops by 32% in the poorest quintile of the distribution, by 36% in the middle quintile, and by 31% in the richest quintile. Annualized GDP declines by 39% in the bottom three quintiles and by 31% in the richest quintile. Agriculture, an essential sector, is key in sustaining employment and economic activity in poorer countries.

Publisher

Walter de Gruyter GmbH

Subject

Economics and Econometrics

Link

https://www.degruyter.com/document/doi/10.1515/bejm-2020-0251/pdf

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