Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/288229 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Money, Credit and Banking [ISSN:] 1538-4616 [Volume:] 55 [Issue:] 7 [Publisher:] Wiley [Place:] Hoboken, NJ [Year:] 2022 [Pages:] 1703-1747
Publisher: 
Wiley, Hoboken, NJ
Abstract: 
Covid‐19 induced job losses occurred predominantly in industries with intensive worker–client interaction as well as in pink‐collar and blue‐collar occupations. We study the ability of fiscal policy to stabilize employment by occupation and industry during the Covid‐19 crisis. We use a multisector, multioccupation macro‐economic model and investigate different fiscal‐policy instruments that help the economy recover faster. We show that fiscal stimuli foster job growth for hard‐hit pink‐collar workers, whereas stimulating blue‐collar job creation is more challenging. Only a cut in labor income taxes generates a substantial number of blue‐collar jobs.
Subjects: 
Covid‐19
fiscal policy
composition of employment
occupations
industries
heterogeneity
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.