Journal article

Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective.

  • Sheldon G Economics Department, University of Basel, Basel, Switzerland.
  • 2020-10-19
Published in:
  • Swiss journal of economics and statistics. - 2020
English 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.
Language
  • English
Open access status
gold
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Persistent URL
https://sonar.ch/global/documents/123860
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