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Working from home during the COVID-19 pandemic: Updated estimates

Jonathan Dingel, Brent Neiman
At the onset of the COVID-19 crisis, scholars around the world estimated the potential of working from home given its efficacy as a measure that could mitigate the spread of the contagion while allowing productive activities to continue. One of the first studies was by Dingel and Neiman (2020), who used occupational descriptions from the Occupational Information Network (ONET) to derive an estimate that 34% of American jobs could potentially be performed from home. Other scholars adapted their methodology to their particular country circumstance (e.g. Ramiro Albieu 2020 for Argentina and Boeri et al. 2020 for Europe).
Because the ONET data are for the US, their application is limited to countries with a similar employment structure and working environment. As we were interested in estimating numbers for a world that includes labour markets from Uganda to the UK, we undertook a Delphi survey of labour market experts from across the world and then weighed these estimates by countries’ occupational shares (Berg et al. 2020, ILO 2020). We calculated that 18%, or approximately one in six workers at the global level, were potentially able to work from home. However, the variations by country income group were stark: our estimates for potential home-based work ranged from 27% of the workforce in high-income countries to 17% in middle-income countries and only 13% in low-income ones.

Indonesia , Serbia , Mongolia , United-states , United-kingdom , Brazil , China , Portugal , Austria , Russia , Ethiopia , Mexico

How effective is the EU Money Market Fund Regulation? Lessons from the COVID 19 turmoil

How effective is the EU Money Market Fund Regulation? Lessons from the COVID 19 turmoil
ecb.europa.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecb.europa.eu Daily Mail and Mail on Sunday newspapers.

Luxembourg , New-york , United-states , Ireland , France , French , Irish , Luis-molestina-vivar , Maddalena-ghio , Luxembourgish-mmfs , Linda-fache-rousov , Refinitiv-lipper

Preparing for a wave of non-performing loans | VOX, CEPR Policy Portal

Marina Conesa Martínez, Giulia Lotti, Andrew Powell
The current pandemic crisis is challenging the banking system along both known and unknown tracks (Carletti et al. 2020, Beck and Keil 2021). While the accumulation of non-performing loans (NPLs) on banks’ balance sheets is typical for country-wide macroeconomic crises, there are several other characteristics of the pandemic that are not: first, the extraordinary cross-sector differences in the crisis’ impact (Demmou et al. 2021); second, the significant fiscal support addressing firms and households (Aussiloux et al. 2021); and third, the high degree of uncertainty concerning the economic consequences of serial lockdowns (Woloszko 2020, Ornelas 2020). The high degree of uncertainty is also the reason why policy proposals on NPL resolution should take a scenario-based approach (i.e. they should be designed as conditional on the events unfolding).

Netherlands , Valencia , Carabobo , Venezuela , Garrigue , Aquitaine , France , Finland , Austria , Cyprus , Greece ,

Vaccination formula: rapid vaccination could avoid lockdown even with rising infection numbers

Date Time
Vaccination formula: rapid vaccination could avoid lockdown even with rising infection numbers
As it has from the beginning, the pandemic continues to primarily affect older people. If the entire population of Germany became infected with SARS-CoV-2, statistically 1.5 million of those over 60 would die; among those under 60, the death toll would “only” be 75,000. This is why – in addition to certain particularly exposed population groups – vaccination strategies often prioritise the elderly with the aim of avoiding overburdening the health system with severe COVID-19 cases and high death rates. After all, vaccinating just a quarter of the population can prevent 95 percent of deaths.

Germany , Frankfurt , Brandenburg , Claudius-gros , Daniel-gros , Theoretical-physics , Goethe-university-frankfurt , European-policies-studies , Covid-economics , University , European

US Could Save Tens Of Thousands Of Lives And Tens Of Billions Of Dollars With 3 Weeks Of Strict COVID-19 Measures

US Could Save Tens Of Thousands Of Lives And Tens Of Billions Of Dollars With 3 Weeks Of Strict COVID-19 Measures
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Texas , United-states , California , Americans , Los-angeles , Markj-terrill , Anna-scherbina , Anthony-fauci , Lynne-sladky , Joe-biden , Centers-for-disease , White-house-council-of-economic-advisers

US could save tens of thousands of lives and tens of billions of dollars with 3 weeks of strict COVID-19 measures

US could save tens of thousands of lives and tens of billions of dollars with 3 weeks of strict COVID-19 measures
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United-states , Texas , Americans , Anthony-fauci , Joe-biden , Centers-for-disease , White-house-council-of-economic-advisers , President-joe-biden , Covid-economics , Natural-disasters , Climate-change , White-house-council

The US Could Save $339 Billion in 3 Weeks with This COVID Safety Strategy

The US Could Save $339 Billion in 3 Weeks with This COVID Safety Strategy
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Texas , United-states , Washington , Americans , American , Anna-scherbina , Anthony-fauci , Nancy-pelosi , Joe-biden , Centers-for-disease , Harvard-business-school , White-house-council-of-economic-advisers

US could save tens of thousands of lives and tens of billions of dollars with 3 weeks of strict COVID-19 measures

US could save tens of thousands of lives and tens of billions of dollars with 3 weeks of strict COVID-19 measures
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Texas , United-states , California , Americans , Los-angeles , Markj-terrill , Anna-scherbina , Anthony-fauci , Lynne-sladky , Joe-biden , Centers-for-disease , White-house-council-of-economic-advisers

MIL-OSI Global: US could save tens of thousands of lives and tens of billions of dollars with 3 weeks of strict COVID-19 measures

MIL-OSI Global: US could save tens of thousands of lives and tens of billions of dollars with 3 weeks of strict COVID-19 measures
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United-states , Texas , Americans , Anna-scherbina , Anthony-fauci , Joe-biden , Centers-for-disease , White-house-council-of-economic-advisers , Brandeis-university , Associate-professor , Covid-economics , Natural-disasters

The productivity of working from home: Evidence from Japan

Jonathan Dingel, Brent Neiman
Since the onset of the Covid-19 pandemic, working from home (WFH) has been increasingly implemented in major advanced countries. Before the crisis, the percentage of workers participating working from home was approximately 10% in major advanced countries. The number of workers who conduct their jobs at home increased suddenly in March 2020. But productivity at home compared to the usual workplace – which is a key parameter in assessing the impact of WFH on the economy – has not been well understood.
Working from home in the epidemiology models
Epidemiological models that incorporate the economic behaviour of individuals have been developed, and simulation analyses of the effects of social distancing measures (such as a shelter-in-place orders and mandatory shutdowns of service industries) have been conducted in many countries (Avery et al. 2020). These studies indicate that stringent social distancing policies are effective in mitigating the spread of the pandemic, but have large negative impacts on economic activity. This means that there is a trade-off, at least in the short run, between public health and the severity of the recession.

Japan , United-kingdom , Japanese , Public-health , Becker-friedman-institute-for-economics , University-of-chicago , Socioeconomic-network-heterogeneity , Corporate-management , Economic-policy , Discussion-paper , Research-institute