Worker reallocation in Italy and Spain after the COVID-19 pandemic

被引:1
作者
Gomez, Angel Luis [1 ]
Lattanzio, Salvatore [2 ]
机构
[1] Banco Espana, Madrid, Spain
[2] Banca Italia, Rome, Italy
来源
LATIN AMERICAN JOURNAL OF CENTRAL BANKING | 2024年 / 5卷 / 01期
关键词
COVID-19; Sectoral employment; Worker reallocation; Job-to-job transitions;
D O I
10.1016/j.latcb.2023.100105
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We provide evidence on the evolution of worker reallocation in Italy and Spain during the pandemic. In both countries, job-to-job transition rates fell in 2020 but improved in 2021 in aggregate. We then focus on cross-sectoral mobility following job separation. In Italy, we find a modest increase in sectoral reallocation in 2020, reaching 4 percentage points at the end of 2021-around 11 percent of the pre-pandemic average reallocation rate. In contrast, there are no statistically significant differences in the reallocation probability with respect to the prepandemic average in Spain.
引用
收藏
页数:25
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