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How digitalization during COVID-19 transformed productivity and labor markets

The Peterson Institute for International Economics (PIIE) and the International Monetary Fund (IMF) invite you for a discussion on digitalization during the COVID-19 crisis.

Digitalization induced by the pandemic was seen both as a possible silver lining to the crisis that could increase longer-term productivity and a risk for further labor market inequality between digital and non-digital workers. Yet, the consequences of this pandemic-induced digitalization remain largely unknown. A new International Monetary Fund (IMF) Staff Discussion Note sheds light on the potential implications of this transformation for productivity and labor markets in advanced economies. It documents the evolution of digitalization during the crisis, quantifies its impact on productivity and hours worked across sectors, and examines the implications of rising digitalization for labor demand and labor supply, including the potential for remote work to boost labor force participation.

A Q&A with PIIE president Adam S. Posen will follow.

PRESENTER

Florence Jaumotte
Acting Division Chief of the Structural and Climate Policies Division, Research Department, IMF

DISCUSSANTS

Barbara Kotschwar
Executive Director, Visa Economic Empowerment Institute, Visa US

Anton Korinek
Professor, Department of Economics and Darden School of Business, University of Virginia

All attendees will be muted and video blocked unless the host grants them permission. Two methods for asking questions will be available through Zoom during the Q&A:

- Q&A tool.
- Hand-raising feature to be called on and unmuted. Please allow the host a moment to unmute before you begin your question.

Please note that attendees who join by phone will only be able to listen to the webinar.

Please submit any advance questions to meetings@piie.com.

Mar 21, 2023 11:00 AM in Eastern Time (US and Canada)