Employment in IP-intensive industries during the COVID-19 pandemic and beyond
We examine the impact of the COVID-19 pandemic on employment in industries that intensively use intellectual property.
March 2023
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In this Economic Note, we examine the impact of the COVID-19 pandemic on employment, with a special focus on those industries that most intensively use various forms of intellectual property (IP). In an analysis of monthly employment data, we find that initial job losses (as a share of total employment) were lower in the IP-intensive industries than in other, non-IP-intensive industries. Recovery across all industry groups was rapid after the initial job losses, except for the performing and creative arts industries, which did not see significant improvement until the spring and summer of 2021.
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