UCL Department of Economics


New research on the effect of the COVID pandemic on startups and employment

27 April 2020

Macroeconomic effects may last for a decade according to Vincent Sterk


Startups are being hit hard by the COVID-19 pandemic and the lockdown. Introducing a ‘startup calculator’ that allows anyone to compute the aggregate employment losses under various economic scenarios, this column explores the effects of a decline in startup activity on aggregate employment. Job losses may be large and may last well beyond the pandemic itself. Read the VOXEU column here.