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IFS-STICERD Online Seminar presented by Michele Tertilt (Mannheim)

04 November 2020, 1:30 pm–2:30 pm

ifs

Paper title: This Time It’s Different: The Role of Women’s Employment in a Pandemic Recession (with Titan Alon, Matthias Doepke and Jane Olmstead-Rumsey)

Event Information

Open to

UCL staff | UCL students

Availability

Yes

Organiser

Institute of Fiscal Studies

Location

Basement Seminar Room
IFS
7 Ridgmount Street
London
WC1E 7AE
Abstract: In recent US recessions, employment losses have been much larger for men than for women. Yet, in the current recession caused by the Covid-19 pandemic, the opposite is  true: unemployment is higher among women. In this paper, we analyze the causes and consequences of this phenomenon. We argue that women have experienced sharp  employment losses both because their employment is concentrated in heavily affected sectors such as restaurants, and due to increased childcare needs caused by school and  daycare closures, preventing many women from working. We analyze the repercussions of this trend using a quantitative macroeconomic model featuring heterogeneity in gender,  marital status, childcare needs, and human capital. Our quantitative analysis suggests that a pandemic recession will i) feature a strong transmission from employment to aggregate  demand due to diminished within-household insurance; ii) result in a widening of the gender wage gap throughout the recovery; and iii) contribute to a weakening of the gender  norms that currently produce a lopsided distribution of the division of labor in home work and childcare.
Join Zoom Meeting
https://us02web.zoom.us/j/85698503965?pwd=WGN6QzhPY2ZCbUwyZHE0VktpQ0ZOdz09

Meeting ID: 856 9850 3965
Passcode: IFSSTICERD
 

About the Speaker

Michele Tertilt (Mannheim)

at IFS-UCL-LSE/STICERD

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