Bringing Back the Jobs Lost to Covid‐19: The Role of Fiscal Policy
研究了财政政策在新冠疫情期间稳定不同职业和行业就业的能力，发现财政刺激有助于受冲击严重的粉领工人就业增长，但刺激蓝领就业更困难，只有降低劳动所得税才能显著增加蓝领岗位。
Abstract Covid‐19 induced job losses occurred predominantly in industries with intensive worker–client interaction as well as in pink‐collar and blue‐collar occupations. We study the ability of fiscal policy to stabilize employment by occupation and industry during the Covid‐19 crisis. We use a multisector, multioccupation macro‐economic model and investigate different fiscal‐policy instruments that help the economy recover faster. We show that fiscal stimuli foster job growth for hard‐hit pink‐collar workers, whereas stimulating blue‐collar job creation is more challenging. Only a cut in labor income taxes generates a substantial number of blue‐collar jobs.