Titelaufnahme

Titel
Labour supply during lockdown and a "new normal": the case of the Netherlands / Hans-Martin von Gaudecker (Universität Bonn and IZA), Radost Holler (Bonn Graduate School of Economics), Lena Janys (Universität Bonn and IZA), Bettina Siflinger (Tilburg University), Christian Zimpelmann (Bonn Graduate School of Economics and IZA) ; IZA Institute of Labor Economics
VerfasserGaudecker, Hans-Martin von ; Holler, Radost ; Janys, Lena ; Siflinger, Bettina ; Zimpelmann, Christian
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, August 2020
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (39 Seiten) : Diagramme
SerieDiscussion paper ; no. 13623
URLVolltext
URNurn:nbn:de:hbz:5:2-872614 
Zugänglichkeit
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Labour supply during lockdown and a "new normal": the case of the Netherlands [0.79 mb]
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Zusammenfassung

We document the evolution of hours of work using monthly data from February to June 2020. During this period, the Netherlands experienced a quick spread of the SARS-CoV-2 virus, enacted a lockdown for a period of six weeks and gradually opened thereafter. We show that during lock-down, substitutability between work from home and at the workplace or essential worker status are key to maintain a large fraction of pre-crisis hours of work. These pandemic-specific mechanisms become much less important as social distancing restrictions are eased in May and June. Labor supply recovers quickly in sectors affected heavily during lockdown, but goes down in other areas of the economy. The latter is unlikely caused by pandemic-induced supply changes; diminished demand is a more plausible explanation. Analyzing take-up of economic support programs, we find suggestive evidence that wage subsidies and other programs helped limit the early-stage impact of the crisis along the extensive margin.

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