Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective
Abstract The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historic...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2020-08-01
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| Series: | Swiss Journal of Economics and Statistics |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s41937-020-00058-6 |
| _version_ | 1828863269380554752 |
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| author | George Sheldon |
| author_facet | George Sheldon |
| author_sort | George Sheldon |
| collection | DOAJ |
| description | Abstract The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historical perspective, current unemployment as well as that expected by the federal authorities in the medium term do not seem that dramatic. Current hazard rates present a different picture, however, predicting increases in both the unemployment rate and long-term unemployment to record levels. |
| first_indexed | 2024-12-13T03:40:47Z |
| format | Article |
| id | doaj.art-62bbafa20e6f487ea1e5d04acf5923d0 |
| institution | Directory Open Access Journal |
| issn | 2235-6282 |
| language | English |
| last_indexed | 2024-12-13T03:40:47Z |
| publishDate | 2020-08-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Swiss Journal of Economics and Statistics |
| spelling | doaj.art-62bbafa20e6f487ea1e5d04acf5923d02022-12-22T00:00:57ZengSpringerOpenSwiss Journal of Economics and Statistics2235-62822020-08-0115611910.1186/s41937-020-00058-6Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspectiveGeorge Sheldon0Economics Department, University of BaselAbstract The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historical perspective, current unemployment as well as that expected by the federal authorities in the medium term do not seem that dramatic. Current hazard rates present a different picture, however, predicting increases in both the unemployment rate and long-term unemployment to record levels.http://link.springer.com/article/10.1186/s41937-020-00058-6UnemploymentIncidenceDurationCovid-19Switzerland |
| spellingShingle | George Sheldon Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective Swiss Journal of Economics and Statistics Unemployment Incidence Duration Covid-19 Switzerland |
| title | Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective |
| title_full | Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective |
| title_fullStr | Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective |
| title_full_unstemmed | Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective |
| title_short | Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective |
| title_sort | unemployment in switzerland in the wake of the covid 19 pandemic an intertemporal perspective |
| topic | Unemployment Incidence Duration Covid-19 Switzerland |
| url | http://link.springer.com/article/10.1186/s41937-020-00058-6 |
| work_keys_str_mv | AT georgesheldon unemploymentinswitzerlandinthewakeofthecovid19pandemicanintertemporalperspective |