Author: Francesco Corti
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Job Retention Schemes Between the Great Recession and the COVID-19 Crises
Author: Francesco Corti
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
The Effectiveness of Job-Retention Schemes: COVID-19 Evidence From the German States
Author: Mr. Shekhar Aiyar
Publisher: International Monetary Fund
ISBN: 1513596179
Category : Business & Economics
Languages : en
Pages : 37
Book Description
Kurzarbeit (KA), Germany’s short-time work program, is widely credited with saving jobs and supporting domestic demand during the COVID-19 recession. We quantify the impact by exploiting state-level variation in exposure to the pandemic shock and KA take-up. We construct a shift-share measure of the labor demand shock and instrument KA take-up using the pre-existing, state-specific share of workers eligible for KA. We find, first, that KA was crucial in mitigating unemployment: absent its expansion the unemployment rate would have increased by an additional 3 pp on average at the trough of the recession. Second, KA also bolstered domestic demand: the contraction in consumption could have been 2 to 3 times larger absent the program. Finally, we provide preliminary evidence on the sensitivity of the medium-run reallocation of resources to the prevalence of jobretention schemes during the Global Financial Crisis.
Publisher: International Monetary Fund
ISBN: 1513596179
Category : Business & Economics
Languages : en
Pages : 37
Book Description
Kurzarbeit (KA), Germany’s short-time work program, is widely credited with saving jobs and supporting domestic demand during the COVID-19 recession. We quantify the impact by exploiting state-level variation in exposure to the pandemic shock and KA take-up. We construct a shift-share measure of the labor demand shock and instrument KA take-up using the pre-existing, state-specific share of workers eligible for KA. We find, first, that KA was crucial in mitigating unemployment: absent its expansion the unemployment rate would have increased by an additional 3 pp on average at the trough of the recession. Second, KA also bolstered domestic demand: the contraction in consumption could have been 2 to 3 times larger absent the program. Finally, we provide preliminary evidence on the sensitivity of the medium-run reallocation of resources to the prevalence of jobretention schemes during the Global Financial Crisis.
Were Jobs Saved at the Cost of Productivity in the Covid-19 Crisis?
Author: Jaanika Meriküll
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
OECD Employment Outlook 2020
Author: Oecd
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264998285
Category :
Languages : en
Pages : 368
Book Description
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264998285
Category :
Languages : en
Pages : 368
Book Description
European Labor Markets and the COVID-19 Pandemic: Fallout and the Path Ahead
Author: Mr. Sakai Ando
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
Book Description
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.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 96
Book Description
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.
The Short-Term Impact of COVID-19 on Labor Markets, Poverty and Inequality in Brazil
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1513571648
Category : Business & Economics
Languages : en
Pages : 36
Book Description
We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to the shock because they are more contact-intensive and less teleworkable, such as construction, domestic services and hospitality, suffered large job losses and reductions in hours. Given low income workers experienced the largest decline in earnings, extreme poverty and the Gini coefficient based on labor income increased by around 9.2 and 5 percentage points, respectively, due to the immediate shock. The government’s broad based, temporary Emergency Aid transfer program more than offset the labor income losses for the bottom four deciles, however, such that poverty relative to the pre-COVID baseline fell. At a cost of around 4 percent of GDP in 2020 such support is not fiscally sustainable beyond the short-term and ended in late 2020. The challenge will be to avoid a sharp increase in poverty and inequality if the labor market does not pick up sufficiently fast in 2021.
Publisher: International Monetary Fund
ISBN: 1513571648
Category : Business & Economics
Languages : en
Pages : 36
Book Description
We document the short-term impact of the COVID-19 pandemic on the Brazilian labor market focusing on employment, wages and hours worked using the nationally representative household surveys PNAD-Continua and PNAD COVID. Sectors most susceptible to the shock because they are more contact-intensive and less teleworkable, such as construction, domestic services and hospitality, suffered large job losses and reductions in hours. Given low income workers experienced the largest decline in earnings, extreme poverty and the Gini coefficient based on labor income increased by around 9.2 and 5 percentage points, respectively, due to the immediate shock. The government’s broad based, temporary Emergency Aid transfer program more than offset the labor income losses for the bottom four deciles, however, such that poverty relative to the pre-COVID baseline fell. At a cost of around 4 percent of GDP in 2020 such support is not fiscally sustainable beyond the short-term and ended in late 2020. The challenge will be to avoid a sharp increase in poverty and inequality if the labor market does not pick up sufficiently fast in 2021.
OECD Employment Outlook 2021 Navigating the COVID-19 Crisis and Recovery
Author: OECD
Publisher: OECD Publishing
ISBN: 9264340335
Category :
Languages : en
Pages : 404
Book Description
The 2021 edition of the OECD Employment Outlook focusses on the labour market implications of the COVID‐19 crisis. Chapters 1-3 concentrate on the main labour market and social challenges brought about by the crisis and the policies to address them.
Publisher: OECD Publishing
ISBN: 9264340335
Category :
Languages : en
Pages : 404
Book Description
The 2021 edition of the OECD Employment Outlook focusses on the labour market implications of the COVID‐19 crisis. Chapters 1-3 concentrate on the main labour market and social challenges brought about by the crisis and the policies to address them.
OECD Employment Outlook 2000 June
Author: OECD
Publisher: OECD Publishing
ISBN: 9264181865
Category :
Languages : en
Pages : 234
Book Description
Provides an annual assessment of labour market developments and prospects in the OECD area. This edition includes chapters on regional disparities in labour markets, employment in the service economy, unemployment benefits, and self-employment. A Statistical Annex is provided.
Publisher: OECD Publishing
ISBN: 9264181865
Category :
Languages : en
Pages : 234
Book Description
Provides an annual assessment of labour market developments and prospects in the OECD area. This edition includes chapters on regional disparities in labour markets, employment in the service economy, unemployment benefits, and self-employment. A Statistical Annex is provided.
Job Retention Schemes During COVID-19
Author: Werner Eichhorst
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This policy brief provides an update on job retention policies in a sample of 20 countries representing the main world regions as well as the diverse types of job retention schemes, in particular short-time work, furlough and wage subsidy schemes as they have been implemented in response to the COVID-19 pandemic. We show the diversity of these policies as well as the available information about their (re-)design as the pandemic evolved up to the most recent period. The policy brief raises main issues regarding the implementation and adaptation of job retention policies and illustrated this with four case studies.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This policy brief provides an update on job retention policies in a sample of 20 countries representing the main world regions as well as the diverse types of job retention schemes, in particular short-time work, furlough and wage subsidy schemes as they have been implemented in response to the COVID-19 pandemic. We show the diversity of these policies as well as the available information about their (re-)design as the pandemic evolved up to the most recent period. The policy brief raises main issues regarding the implementation and adaptation of job retention policies and illustrated this with four case studies.
Nordic Economic Policy Review
Author: Nordiska Ministerrådet
Publisher: Nordic Council of Ministers
ISBN: 9289322950
Category : Economic policy
Languages : en
Pages : 303
Book Description
Publisher: Nordic Council of Ministers
ISBN: 9289322950
Category : Economic policy
Languages : en
Pages : 303
Book Description