Labor Market and Digitalization in Portugal

July 11, 2023

Preview Citation

Format: Chicago

Ippei Shibata. Labor Market and Digitalization in Portugal, (USA: International Monetary Fund, 2023) accessed October 6, 2024

Summary

This paper analyzes Portugal's labor market and digitalization trends during COVID-19. Portugal had a milder impact on its labor market than previous recessions, with smaller employment declines and less unemployment. However, labor force participation sharply dropped, especially among low-skilled and young workers. Contact-intensive and non-digital jobs and young and low-skilled workers were disproportionately affected. Conversely, digital employment in Portugal grew while non-digital employment decreased. Regression analysis for Europe and the US suggests a temporary rise in digital employment during the pandemic. Policy emphasis on digitalization investments and skills development is crucial for a resilient labor market in Portugal, considering future shocks.

Subject: COVID-19, Digitalization, Employment, Health, International organization, Labor, Labor markets, Monetary policy, Technology

Keywords: Aggregate labor market dynamics, COVID-19, Digitalization, Digitalization in Portugal, Employment, Employment share, Europe, Job retention scheme, Labor Market, Labor markets, Resilient labor market, Vacancies

Publication Details

Pages:

10
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/047
Stock No:

SIPEA2023047
ISBN:

9798400248344
ISSN:

2958-7875

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