About this work
A partial recovery in services and retail could leave a disproportionate employment shortfall after the initial pandemic shock. Jonathan Fortun and Sergi Lanau used Spanish retail trade to illustrate how labor intensive sectors translate even modest output losses into substantial job losses. Their August 2020 analysis focused on the employment consequences of an incomplete return to normal activity.
Abstract
A partial recovery in services and retail could leave a disproportionate employment shortfall after the initial pandemic shock. Jonathan Fortun and Sergi Lanau used Spanish retail trade to illustrate how labor intensive sectors translate even modest output losses into substantial job losses. Their August 2020 analysis focused on the employment consequences of an incomplete return to normal activity.
Cite this work
Jonathan Fortun, Sergi Lanau (2020). Economic Views: Jobs in the New COVID-19 Normal. Institute of International Finance.