Unemployment in Switzerland in the wake of the Covid-19 pandemic : an intertemporal perspective

George Sheldon

The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historical perspective, current unemployment as well as that expected by the federal authorities in the medium term do not seem that dramatic. Current hazard rates present a different picture, however, predicting increases in both the unemployment rate and long-term unemployment to record levels.

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Year of publication:	2020
Authors:	Sheldon, George
Published in:	Swiss journal of economics and statistics. - Cham, Switzerland : Springer Nature Switzerland AG, ISSN 2235-6282, ZDB-ID 2241129-X. - Vol. 156.2020, 1/8, p. 1-9
Subject:	Unemployment \| Incidence \| Duration \| Covid-19 \| Switzerland \| Schweiz \| Arbeitslosigkeit \| Coronavirus \| Dauer \| Epidemie \| Epidemic \| Lohnersatzleistungen \| Earnings replacement benefits