Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective
Supply and demand shocks in the COVID-19 pandemic: an industry and occupation perspective
Abstract We provide quantitative predictions of first-order supply and demand shocks for the US economy associated with the COVID-19 pandemic at the level of individual occupations and industries. To analyse the supply shock, we classify industries as essential or non-essential and construct a Remote Labour Index, which measures the ability …