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The Short-Run Macro Implications of School and Childcare Closures (VoxEU, 5 min read) Female employment has been disproportionally affected during the COVID crisis due to both the larger share of women working in the service sector and the logistics of school closures. In Germany, this could mean an 11% reduction in the labour force and worsening gender equality.
The Lasting Scars of the Covid-19 Crisis: Channels and Impacts (VoxEU, 5 min read) Hystereisis (or scarring) from COVID could occur through the impact on i) unemployment, ii) education, iii) investment, iv) liquidity issues at viable companies, and v) loss of job-specific skills.