Digitalization During the COVID-19 Crisis : Implications for Productivity and Labor Markets in Advanced Economies / Florence Jaumotte, Longji Li, Andrea Medici, Myrto Oikonomou, Carlo Pizzinelli, Ippei Shibata, Jiaming Soh, Marina Mendes Tavares.

Format:

Book

Government document

Author/Creator:

Jaumotte, Florence.

Contributor:

Li, Longji.

Medici, Andrea.

Oikonomou, Myrto.

Pizzinelli, Carlo.

Shibata, Ippei.

Soh, Jiaming.

Series:

Staff Discussion Notes; Staff Discussion Notes ; No. 2023/003

Staff Discussion Notes

Language:

English

Subjects (All):

COVID-19.

Labor market.

Labor productivity.

Physical Description:

1 online resource (42 pages)

Other Title:

Digitalization During the COVID-19 Crisis

Place of Publication:

Washington, D.C. : International Monetary Fund, 2023.

Summary:

Digitalization induced by the pandemic was seen both as a possible silver-lining from the crisis that could increase longer-term productivity and a risk for further labor market inequality between digital and non-digital workers. The note shows that the pandemic accelerated digitalization and triggered a partial catch-up by less digitalized entities in advanced economies. Higher digitalization levels shielded substantially productivity and hours worked during the crisis. However, the extent to which the pandemic-induced digitalization led to structural change in the economy is less clear. Less digitalized sectors have rebounded more strongly, albeit after stronger declines, and while workers in digital occupations were more shielded from the crisis, there does not appear to be a structural change in the composition of labor demand. Meanwhile, shifts in labor supply are more likely to be permanent, driven by the increase in working from home.

Contents:

Front Matter

Digitalization During the COVID-19 Crisis: Implications for Productivity and Labor Markets in Advanced Economies.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9798400234187