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  • 标题:Who Should Work from Home During a Pandemic? The Wage-Infection Trade-off
  • 本地全文:下载
  • 作者:Sangmin Aum ; Sang Yoon Lee ; Yongseok Shin
  • 期刊名称:Federal Reserve Bank of St. Louis Review
  • 印刷版ISSN:0014-9187
  • 出版年度:2022
  • 卷号:104
  • 期号:2
  • DOI:10.20955/r.104.92-109
  • 语种:English
  • 出版社:Federal Reserve Bank of St. Louis
  • 摘要:Shutting down the workplace is an effective means of reducing contagion but can induce large economic losses. We harmonize the American Time Use Survey and O*NET data to construct a measure of infection risk (exposure index) and a measure of the ease with which a job can be performed remotely (work-from-home index) across both industries and occupations. The two indexes are negatively correlated but distinct, so the economic costs of containing a pandemic can be minimized by sending home only those workers that are highly exposed to infection risk but that can perform their jobs easily from home. Compared with a lockdown of all non-essential jobs, which includes many jobs not easily performed from home, a more selective policy can attain the same reduction in aggregate infection risk (32 percent) with one-third fewer workers sent home to work (24 percent vs. 36 percent) and only half the aggregate wage loss (15 percent vs. 30 percent). In addition, moving to such a policy reduces the infection risk of low-wage workers the most and the wage losses of high-wage workers the most. Our crosswalk between the American Time Use Survey and O*NET data can be applied to a broader set of topics.
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