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Fiscal Policy and Income Inequality

Fiscal Policy and Income Inequality
internationalbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalbanker.com Daily Mail and Mail on Sunday newspapers.

United Kingdom , United States , Christopher Hoy , Gabriel Palma , Greg Kaplan , Prakash Loungani , Davide Furceri , Giovannil Violante , Dirk Krueger , Jonathand Ostry , Jonathan Heathcote , Fabian Kindermann , Rodrigo Caputo , Kjetil Storesletten , Pietro Pizzuto , Emmanuel Saez , Oxford University , Centre For Experimental Social Sciences , Half Of The National Income , University Of Oxford , Nuffield College , Oxford University Press , University Of Cambridge , Organisation For Economic , World Bank , World Bank Blogs ,

Labor Reallocation During The Covid-19 Pandemic

The Covid-19 pandemic and associated recession have had dramatically different effects across industries, with some, including large parts of the leisure and hospitality sector, truly devastated and others, like much of the manufacturing sector, able to recover quite quickly. This has led some analysts to describe the pandemic as a
reallocation shock, requiring substantial movement of labor across industries.[ 1] Such a process likely requires substantial time, during which the natural rate of unemployment may be elevated. In this
Chicago Fed Letter, we consider two questions: First, has the need for labor reallocation risen, and second, has there been an increase in the amount of reallocation that is actually occurring? ....

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