THE ABRUPT FALL OF THE LABOR MARKET: THE CASE OF THE EUROPEAN LABOR MARKET AND THE IMPACT GENERATED BY COVID-19

Cristina Prund

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2020, vol. 14, issue 1, 722-730

Abstract: The whole world is facing the challenge generated by COVID-19 and a lot of countries are affected from a lot of perspectives: health, economy, politics, etc. The paper is going to focus on the economical perspective and more precisely on the changes that occurred in the labor market. Since the beginning, the new and dangerous virus left his mark on a lot of businesses from different industries which finally recorded strong decreases being forced either to restrict the activity or to suspend it. The COVID-19 crisis is changing completely the labor market and it forces employees and employers to adapt to this new reality. The present research is trying to find out how COVID19 is affecting different industries from all over the Europe and how employers and employees are trying to survive during and after the present crisis. The objectives of the paper are (1) To analyze the recent literature on this subject; (2) To investigate the changes generated by Covid19 on the labor market (3) To identify which are the most affected sectors/industries. According to the methodology the paper is analyzing recent studies and statistics and by interpreting them it highlights a series of essential aspects and opportunities for future studies which will represent the intended contribution. The results will try to conclude that the effects of the crisis are different from a country to another and that this crisis is just another challenge that the labor market has to overcome emphasizing two important aspects: health protection and economic support.

Keywords: adaptation; challenge; Covid-19; Labor market. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:14:y:2020:i:1:p:722-730

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