Supply and demand shocks in the COVID-19 pandemic: An industry and occupation perspective

@article{RoChanona2020SupplyAD,
  title={Supply and demand shocks in the COVID-19 pandemic: An industry and occupation perspective},
  author={Rita M. del R{\'i}o-Chanona and Penny Mealy and Anton Pichler and François Lafond and Doyne Farmer},
  journal={arXiv: General Economics},
  year={2020}
}
  • Rita M. del Río-Chanona, Penny Mealy, +2 authors Doyne Farmer
  • Published 2020
  • Economics
  • arXiv: General Economics
  • We provide quantitative predictions of first order supply and demand shocks for the U.S. economy associated with the COVID-19 pandemic at the level of individual occupations and industries. To analyze the supply shock, we classify industries as essential or non-essential and construct a Remote Labor Index, which measures the ability of different occupations to work from home. Demand shocks are based on a study of the likely effect of a severe influenza epidemic developed by the US Congressional… CONTINUE READING

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