Labor Market Anatomy of a Macroeconomic Crisis

This paper has benefited from comments from conference and seminar participants at Edinbugh, EUI, Autonoma de Barcelona, Toronto Metropolitan University, University of Georgia, Johns Hopkins SAIS, UC – Irvine, University of Melbourne, University of New South Wales, Ohio State, the 2nd Annual Labor Markets and Macroeconomics Conference hosted by LAEF, and the 2023 Society for Economic Dynamics meetings. The views expressed herein are those of the authors and not necessarily those of the Central Bank of Chile, its Board members, the Federal Reserve Bank of Minneapolis, the Federal Reserve System, or the data providers. Aggregated results, code, and documentation are available online at www.lfsdata.com. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.