McConnell Seminar in Applied Economics 2020-2021
Organizers : Michael Huberman (U. of Montreal) and Baris Kaymak (U. of Montreal)
* Please contact an organizer if you would like access.
Résumé : We study the effect of the COVID-19 pandemic on the labor market using data on job ads, jobseekers, and applications of a Chilean online job board. The data naturally measures demand and supply in the labor market since 2008 until March 31st, 2021 over the first and second waves of the pandemic. We also describe the evolution of posted wages and market tightness (ratio of seekers to vacancies) at the job position level, relevant variables in standard search & matching models, but rarely available. Using local projections, we show that government stringency and COVID-19 cases predominantly affected the supply side, especially jobseekers’ effort, while tightness and wages were mostly unaffected.
