As the pandemic continues and countries experience a massive second wave, labor markets continue to be heavily affected. At the same time, countries have started to extend, but also adjust stabilization measures initially introduced at the outset of the crisis. As of today, three main elements of crisis response require particular attention: the further development of short-time work schemes, ad hoc income prot...
The unprecedented COVID-19 pandemic has a severe impact on societies, economies and labor markets. However, not all countries, socio-economic groups and sectors are equally affected. For example, occupational groups working in sectors where value chains have been disrupted and lockdowns have had direct impacts are affected more heavily, while the slowdown of hiring activities mostly affects young labor market e...