01944cas a2200337 a 4500 AALejournalIMF022484 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400200960 2616-5333 BD-DhAAL BD-DhAAL Ando, Sakai. European Labor Markets and the COVID-19 Pandemic : Fallout and the Path Ahead / Sakai Ando, Ravi Balakrishnan, Bertrand Gruss, Jean-Jacques Hallaert. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (96 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In 2020, the COVID-19 pandemic caused by far the largest shock to European economies since World War II. Yet, astonishingly, the EU unemployment rate had already declined to its pre-crisis level by 2021Q3, and in some countries the labor force participation rate is at a record high. This paper documents that the widespread use of job retention schemes has played an essential role in mitigating the pandemic's impact on labor markets and thereby facilitating the restart of European economies after the initial lockdowns. Mode of access: Internet Aggregate Human Capital imf Employment imf Intergenerational Income Distribution imf Unemployment imf Wages imf Balakrishnan, Ravi. Gruss, Bertrand. Hallaert, Jean-Jacques. Departmental Papers; Departmental Paper ; No 2022/004 Full text available on IMF http://elibrary.imf.org/view/journals/087/2022/004/087.2022.issue-004-en.xml IMF e-Library