Recessions and Recoveries in Labor Markets: Patterns, Policies, and Responses to the COVID-19 Shock
Format : Closed door presentation
The Policy Center for the New South (PCNS), in partnership with the International Monetary Fund (IMF), will hold a presentation under the theme "Recessions and Recoveries in Labor Markets: Patterns, Policies, and Responses to the COVID-19 Shock" scheduled to take place on Thursday, April 29th, 2021 at 2pm GMT/Rabat time.
The labor market fallout from the COVID-19 pandemic shock continues, with young and lower-skilled workers particularly hard-hit. This presentation will draw upon the findings of the Chapter 3 of the April 2021 World Economic Outlook which examines the labor market consequences of the crisis, how it compares with previous shocks, and how policies can help. Pre-existing employment trends favoring a shift away from jobs that are more vulnerable to automation are accelerating. Policy support for job retention is extremely powerful at reducing scarring and mitigating the unequal impacts from the acute pandemic shock.
As the pandemic subsides and the recovery normalizes, a switch toward worker reallocation support measures could help reduce unemployment more quickly and ease the adjustment to the permanent effects of the COVID-19 shock on the labor market.
For more information, please send us an email at: events@policycenter.ma
Keep me informed