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European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead

2022-03-03 Business & Economics
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Release : 2022-03-03
Genre : Business & Economics
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Book Synopsis European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead by : Mr. Sakai Ando

Download or read book European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead written by Mr. Sakai Ando. This book was released on 2022-03-03. Available in PDF, EPUB and Kindle. Book excerpt: In 2020, the COVID-19 pandemic caused by far the largest shock to European economies since World War II. Yet, astonishingly, the EU unemployment rate had already declined to its pre-crisis level by 2021Q3, and in some countries the labor force participation rate is at a record high. This paper documents that the widespread use of job retention schemes has played an essential role in mitigating the pandemic’s impact on labor markets and thereby facilitating the restart of European economies after the initial lockdowns.

How Effective Were Job-Retention Schemes During the COVID-19 Pandemic? A Microsimulation Approach for European Countries

2023-01-13 Business & Economics
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Release : 2023-01-13
Genre : Business & Economics
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Book Synopsis How Effective Were Job-Retention Schemes During the COVID-19 Pandemic? A Microsimulation Approach for European Countries by : W. Raphael Lam

Download or read book How Effective Were Job-Retention Schemes During the COVID-19 Pandemic? A Microsimulation Approach for European Countries written by W. Raphael Lam. This book was released on 2023-01-13. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have prevented an otherwise sharper contraction. Many countries introduced or expanded job-retention schemes to preserve jobs and support households. This paper uses a microsimulation approach (EUROMOD) and household data to assess the effectiveness of those schemes in stabilizing household income during the pandemic across European countries. Empirical evidence shows that job-retention schemes were effective in stabilizing income and, along with other measures, absorbed nearly 80 percent of market income shocks—almost doubling the extent of the automatic stabilization of the pre-pandemic tax and benefit systems. The large effects are related to the widespread use and scaling up of those schemes and a deep but short-lived disruption to labor markets during the pandemic. Along with other fiscal support measures, job-retention schemes helped mitigate the rise in the unemployment rate, by about 3 percentage points, and income inequality during the pandemic. Our results show that job-retention schemes were largely targeted, in which households more vulnerable to income losses, such as lower-income families, youth, and low-skilled workers, are able to stabilize their income.

The Economic and Social Impact of the COVID-19 Pandemic

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Book Synopsis The Economic and Social Impact of the COVID-19 Pandemic by : Valentina Vasile

Download or read book The Economic and Social Impact of the COVID-19 Pandemic written by Valentina Vasile. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt:

Digital Labour Markets in Central and Eastern European Countries

2023-01-19 Business & Economics
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Release : 2023-01-19
Genre : Business & Economics
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Book Rating : 09X/5 ( reviews)

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Book Synopsis Digital Labour Markets in Central and Eastern European Countries by : Beata Woźniak-Jęchorek

Download or read book Digital Labour Markets in Central and Eastern European Countries written by Beata Woźniak-Jęchorek. This book was released on 2023-01-19. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of the COVID-19 pandemic on changing labour markets and accelerating digitalisation of the workplace in Central and Eastern Europe. It provides an innovative and enriching take on the work experience from the pandemic times and discusses the challenges of ongoing changes in labour markets and workplaces in a way that is not covered by the extant literature. The impact of the COVID-19 pandemic and digitalisation on labour market outcomes is analysed throughout 12 chapters, by 34 labour market experts from various CEE countries. Most chapters are based on empirical methods yet are presented in an easy-to-follow way to make the book also accessible for a non-scientific audience. The volume addresses the three key goals: to better understand the impact of the COVID-19 pandemic on the adoption of workplace digitalisation in the selected labour markets in CEE countries and the potential trade-offs facing those who do and do not have access to this benefit to complement the labour market research by incorporating the outputs of changing demand for skills to contribute new insight into policies and regulations that govern the future of work The book argues that the recent COVID-19 pandemic was a sombre reminder of the relevance and necessity of digital technology for a variety of sectors and market activities. It concludes that to downside the risks of vanishing jobs, as well as to minimise the threats and maximise the opportunities of digitalisation in CEE countries, labour market partners need to consider an effective governance tool in terms of inclusive access to the digital environment, re-skilling, and balanced regulations of the more problematic facets of digital work. The book will be of interest to postgraduate researchers and academics in the fields of labour economics, regional economics, and macroeconomics. Additionally, due to the broader policy implications of the topic, the book will appeal to policymakers and experts interested in labour economics. The Introduction, Chapters 4 and 12 of this book are freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Transformations of Regional and Local Labour Markets Across Europe in Pandemic and Post-Pandemic Times

2021
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Release : 2021
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Book Rating : 131/5 ( reviews)

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Book Synopsis Transformations of Regional and Local Labour Markets Across Europe in Pandemic and Post-Pandemic Times by : Christa Larsen

Download or read book Transformations of Regional and Local Labour Markets Across Europe in Pandemic and Post-Pandemic Times written by Christa Larsen. This book was released on 2021. Available in PDF, EPUB and Kindle. Book excerpt:

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