Results

CEP discussion paper

The shift to remote work lessens wage-growth pressure

The recent shift to remote work raised the amenity value of employment. As compensation adjusts to share the amenity-value gains with employers, wage-growth pressures moderate. We find empirical support for this mechanis...Read more...

Journal article

Journal of Risk and Financial Management:

Pandemic-era uncertainty

We examine several measures of uncertainty to make five points. First, equity market traders and executives at nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck...Read more...

Blog

VoxEU:

Covid-19 uncertainty: a tale of two tails

The onset of the COVID-19 pandemic triggered a massive spike in uncertainty. This column uses data from panel surveys of US and UK business executives to document how uncertainty over own-firm sales growth rates over the...Read more...

Blog

VoxEU:

Labour market reallocation in the wake of Covid-19

As economies bounce back from Covid-19, our economists question whether the recovery will re-employ all of the workers made redundant during the downturn, and whether they will go back to similar jobs....Read more...