NBER: The impacts of Covid-19 illnesses on workers

Coronavirus, Deaths, Health, Healthcare, Infection, Long Covid, Research, Side Effects, USA

The National Bureau of Economic Research has published a working paper on the impact of Covid-19 on the US workforce.   Employers should probably look away now.

We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work for health reasons.

Our estimates suggest Covid-19 illnesses have reduced the U.S. labor force by approximately 500,000 people (0.2 percent of adults) and imply an average forgone earnings per Covid-19 absence of at least $9,000, about 90 percent of which reflects lost labor supply beyond the initial absence week.

NBER: The Impacts of Covid-19 Illnesses on Workers

 

 

Federal Reserve: Cognitive difficulties in 62 percent of adults with long COVID

 

 

 

 

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