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Deprecated: Implicit conversion from float 215.6 to int loses precision in C:\Inetpub\vhosts\kidney.de\httpdocs\pget.php on line 534 Swiss+J+Econ+Stat 2020 ; 156 (1): 8 Nephropedia Template TP
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Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective #MMPMID33072633
Sheldon G
Swiss J Econ Stat 2020[]; 156 (1): 8 PMID33072633show ga
The following contribution compares the unemployment situation arising from the lockdown induced by the Covid-19 pandemic with previous employment crises in Switzerland. In addition, it forecasts the future trajectory of unemployment based on ongoing changes in hazard rates. From a historical perspective, current unemployment as well as that expected by the federal authorities in the medium term do not seem that dramatic. Current hazard rates present a different picture, however, predicting increases in both the unemployment rate and long-term unemployment to record levels.