000			02670cam a22003617 4500
001			w27208
003			NBER
005			20211020103725.0
006			m o d
007			cr cnu||||||||
008			210910s2020 mau fo 000 0 eng d
100	1		_aCampello, Murillo. _97295
245	1	0	_aCorporate Hiring under COVID-19: _bLabor Market Concentration, Downskilling, and Income Inequality / _cMurillo Campello, Gaurav Kankanhalli, Pradeep Muthukrishnan.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2020.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w27208
500			_aMay 2020.
520	3		_aBig data on job-vacancy postings reveal several dimensions of the impact of COVID-19 on the U.S. job market. Firms have cut back on postings for high-skill jobs more than for low-skill jobs, with small firms nearly halting their new hiring altogether. New-hiring cuts and downskilling are most pronounced in local labor markets lacking depth (where employment is concentrated within a few firms), in low-income areas, and in areas with greater income inequality. Cuts are deeper in industries where workers are more unionized and in the non-tradable sector. Access to finance modulates corporate hiring, with credit-constrained firms curtailing their job postings the most. Our study shows how the early-2020 global pandemic is shaping the dynamics of hiring, identifying the firms, jobs, places, industries, and labor markets most affected by it. Our results point to important challenges to the scale and speed of a recovery.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2Journal of Economic Literature class.
690		7	_aG31 - Capital Budgeting • Fixed Investment and Inventory Studies • Capacity _2Journal of Economic Literature class.
690		7	_aJ23 - Labor Demand _2Journal of Economic Literature class.
700	1		_aKankanhalli, Gaurav.
700	1		_aMuthukrishnan, Pradeep.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w27208.
856	4	0	_uhttps://www.nber.org/papers/w27208
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w27208
942			_2ddc _cW-PAPER
999			_c320915 _d279477