COVID-19 and the UK labour market
| Autor: | Ken Mayhew, Paul Anand |
|---|---|
| Přispěvatelé: | Research Centre for Educ and Labour Mark, RS: GSBE other - not theme-related research |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Labour economics
Severance Pay unemployment Economics and Econometrics Coronavirus disease 2019 (COVID-19) Higher education Labor Force and Employment media_common.quotation_subject Management Monitoring Policy and Law Recession Article j08 - Labor Economics Policies Unemployment Insurance Plant Closings 03 medical and health sciences Seekers 0302 clinical medicine Size 0502 economics and business active manpower policy Economics Labor Economics Policies scarring 030212 general & internal medicine j21 - Labor Force and Employment Size and Structure 050207 economics j23 - Labor Demand Labor Demand AcademicSubjects/SOC00720 media_common Mobility j68 - Mobility Unemployment and Vacancies: Public Policy business.industry 05 social sciences COVID-19 j68 - Mobility and Structure Job retention Work (electrical) Economic recovery Unemployment j21 - Labor Force and Employment and Vacancies: Public Policy Job Retention Scheme business |
| Zdroj: | Oxford Review of Economic Policy Oxford Review of Economic Policy, 36(S1). Oxford University Press |
| ISSN: | 1460-2121 0266-903X |
| DOI: | 10.1093/oxrep/graa017 |
| Popis: | This article considers policy responses to the COVID-19 crisis as they affect the labour market, how these policies are evolving and some of the design issues they face. The concentration is on the UK, but other countries are also discussed for comparative purposes. The Job Retention Scheme is a successful innovation to keep temporarily stopped workers attached to their employers. However, since economic recovery will be slow, it is not sustainable in its current form. A sustained rise in unemployment is inevitable and alternative policies to mitigate this and the dangers of scarring are discussed. The structure of output will change, as therefore will the composition of jobs. A comprehensive active manpower policy will be needed to efficiently match job seekers to available jobs. The young are likely to suffer disproportionately from the recession and this makes it essential to introduce radical policies to boost work-based training and to enhance the contribution made by further and higher education institutions. |
| Databáze: | OpenAIRE |
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