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Contact Intensity, Unemployment and Finite Change - The Case of Entertainment Sector under Pandemic: A General Equilibrium Approach
- Authors
- Marjit, Sugata; Gouranga G. Das
- Issue Date
- Dec-2022
- Publisher
- Global Labor Organization (GLO) and Leibniz-Informationszentrum Wirtschaft Ihr Partner für Forschung und Studium
- Keywords
- Wage gap; Covid-19; Entertainment; Contactintensive; Finite Change; General Equilibrium.
- Citation
- Global Labor Organization Discussion Papers , no.1200, pp 1 - 20
- Pages
- 20
- Indexed
- FOREIGN
- Journal Title
- Global Labor Organization Discussion Papers
- Number
- 1200
- Start Page
- 1
- End Page
- 20
- Abstract
- This paper explores the short run, medium run and long run impact of pandemic on the contact intensive entertainment industry in terms of a simple general equilibrium model that can accommodate for unemployment and underemployment. Finite change as a response to large shocks may lead to vanishing occupations in this industry, even when pandemic is over and leads to underemployment. Pandemic tends to eliminate fixed wage contracts in this sector for its survival, but over the longer run affects fundamental occupational choice in a society.
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Related Researcher
- DAS, Gouranga
- COLLEGE OF BUSINESS AND ECONOMICS (DEPARTMENT OF ECONOMICS)