Webinar looks at pandemic and productivity

It will explore the structural problems that lie behind Brazil’s persistently low productivity growth.

Fundação Getulio Vargas’ Brazilian Institute of Economics (FGV IBRE) is holding a webinar called “Productivity and the Labor Market” on December 16, at 10 am, on FGV’s YouTube channel. It will explore the structural problems that lie behind Brazil’s persistently low productivity growth, as shown by FGV IBRE’s Regis Bonelli Productivity Observatory, as well as changes in the labor market during the pandemic involving working from home.

The dynamism of the Brazilian labor market before the pandemic was the result of fast growth in a handful of occupations linked to the service sector, characterized by low productivity. Between 2012 and 2019, just six types of occupation, which today correspond to 18.1% of the employed population, accounted for 5.25 million new jobs. Considering that the total employed population expanded by 4.4 million between 2012 and 2019, this means that all other employment categories, which today represent 81.9% of the employed population, lost jobs in the period. In short, the group of six service occupations accounted for more than all of the growth in the employed population in the period from 2012 until just before the pandemic.

Brazil’s low-quality use of labor, which worsened further during the pandemic, is a barrier to higher labor productivity and reflected in low economic growth.

Fernando Veloso and Fernando de Holanda Barbosa Filho, FGV IBRE researchers, will debate this topic alongside Silvia Matos, the coordinator of FGV IBRE’s Macro Bulletin. The moderator will be O Estado de S. Paulo special reporter and columnist Adriana Fernandes.

If you are interested in this subject, you can find studies, articles, book recommendations and other information on the website of FGV IBRE’s Regis Bonelli Productivity Observatory.

You can find out more about the Productivity and the Labor Market webinar and sign up for it here.

Any opinions expressed by Fundação Getulio Vargas’s staff members, duly identified as such, in articles and interviews published in any media, merely represent the opinions of these individuals and do not necessarily represent the institutional viewpoints or opinions of FGV. FGV Directive No. 19 / 2018.