Jose Maria Barrero, Nicholas Bloom, Steven J. Davis
{"title":"Long Social Distancing","authors":"Jose Maria Barrero, Nicholas Bloom, Steven J. Davis","doi":"10.1086/726636","DOIUrl":null,"url":null,"abstract":"Many Americans continued some forms of social distancing after the pandemic. This phenomenon is stronger among older persons, less educated individuals, and those who interact daily with persons at high risk from infectious diseases. Regression models fit to individual-level data suggest that social distancing lowered labor force participation by 2.4 percentage points in 2022, 1.2 points on an earnings-weighted basis. When combined with simple equilibrium models, our results imply that the social distancing drag on participation reduced US output by $205 billion in 2022, shrank the college wage premium by 2.1 percentage points, and modestly steepened the cross-sectional age-wage profile.","PeriodicalId":48308,"journal":{"name":"Journal of Labor Economics","volume":"45 1","pages":"0"},"PeriodicalIF":3.9000,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"8","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Labor Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1086/726636","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 8
Abstract
Many Americans continued some forms of social distancing after the pandemic. This phenomenon is stronger among older persons, less educated individuals, and those who interact daily with persons at high risk from infectious diseases. Regression models fit to individual-level data suggest that social distancing lowered labor force participation by 2.4 percentage points in 2022, 1.2 points on an earnings-weighted basis. When combined with simple equilibrium models, our results imply that the social distancing drag on participation reduced US output by $205 billion in 2022, shrank the college wage premium by 2.1 percentage points, and modestly steepened the cross-sectional age-wage profile.
期刊介绍：
Since 1983, the Journal of Labor Economics has presented international research that examines issues affecting the economy as well as social and private behavior. The Journal publishes both theoretical and applied research results relating to the U.S. and international data. And its contributors investigate various aspects of labor economics, including supply and demand of labor services, personnel economics, distribution of income, unions and collective bargaining, applied and policy issues in labor economics, and labor markets and demographics.
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