%0 Report
        %A Gottlieb, Charles
%A Grobovsek, Jan
%A Poschke, Markus
%A Saltiel, Fernando
        %T Lockdown Accounting
        %D 2020
        %8 2020 Jun
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 13397
        %U https://www.iza.org/publications/dp13397
        %X We measure the effect of lockdown policies on employment and GDP across countries using individual- and sector-level data. Employment effects depend on the ability to work from home, which ranges from about half of total employment in rich countries to around 35% in poor countries. This gap reflects differences in occupational composition, self-employment levels, and individual characteristics across countries. GDP effects of lockdown policies also depend on countries' sectoral structure. Losses in poor countries are attenuated by their higher value-added share in essential sectors, notably agriculture. Overall, a realistic lockdown policy implies GDP losses of 20-25% on an annualized basis.
        %K COVID-19
%K work from home
%K structural change