Selected Issues Papers

Labor Market and Digitalization in Portugal

By Ippei Shibata

July 11, 2023

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Format: Chicago

Ippei Shibata. Labor Market and Digitalization in Portugal, (USA: International Monetary Fund, 2023) accessed December 4, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Selected Issues Paper No. 2023/047

  • Stock No:

    SIPEA2023047

  • ISBN:

    9798400248344

  • ISSN:

    2958-7875