Ontology highlight
ABSTRACT:
SUBMITTER: Martin C
PROVIDER: S-EPMC9115519 | biostudies-literature | 2022 Apr
REPOSITORIES: biostudies-literature
Martin Chris C Okolo Magdalyn M
Oxford bulletin of economics and statistics 20220418
This article studies the impact of the Covid-19 pandemic on graduates and non-graduates in the United Kingdom. We construct a DSGE model with search frictions that is designed around key features of the UK labour market and simulate the model using an array of shocks, designed to mimic the impact of the Covid-19 pandemic. We show that our relatively simple macroeconomic model can describe the impact of the pandemic on output, employment and wages. Our results show that the impact of the pandemic ...[more]