Indicative unemployment forecasts and the importance of collective bargaining in the context of COVID-19. 15/05/2020
Trade Union Advisory Committee, Paris
TUAC - Paris
2020
10 p.
epidemic disease ; labour market analysis ; unemployment ; collective bargaining
Labour market
English
Statistics
"The COVID-19 crisis represents an unprecedented threat to the global economy, and the length and impact of containment measures on employment are still hard to predict.Economists have traced in time the relation between (un)employment and GDP growth. Unsurprisingly, existing studies show that, during the 2008-2012 recession, countries with more flexible labour institutions witnessed a sudden rise in unemployment, while countries with strong labour institutions show fewer lay-offs, compensated by a decrease in productivity and hours worked. ..."
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