Showing 1 - 10 of 15,242
Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on … the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures … contrasting it with the chosen strategy in the United States. In Germany, temporary cyclical reductions in working hours are …
Persistent link: https://www.econbiz.de/10013368682
Persistent link: https://www.econbiz.de/10014280819
Persistent link: https://www.econbiz.de/10012493952
The unprecedented COVID-19 pandemic has a severe impact on societies, economies and labor markets. However, not all countries, socio-economic groups and sectors within all countries are equally affected. Part of this difference can be related to the different role and extent of short-time work,...
Persistent link: https://www.econbiz.de/10012301227
Persistent link: https://www.econbiz.de/10012631683
Short-time work was frequently used in the EU during the COVID-19 pandemic to minimize crisis-related layoffs. This paper focuses on the short-time work (STW) scheme in Austria by exploring the characteristic features of the Austrian Coronavirus STW model and examining how it was utilized. We...
Persistent link: https://www.econbiz.de/10012595232
This paper studies short-time work arrangements (ERTEs) when aggregate risk is partially sector-specific. In Spain, the Great Recession and the pandemic recession (aka the Great Contagion) can both be understood as being driven partially by large sector-specific shocks. However, the latter shows...
Persistent link: https://www.econbiz.de/10014250592
Persistent link: https://www.econbiz.de/10012589625
The COVID-19 pandemic and the associated government mandated shutdowns caused a historic shock to the U.S. economy and a disproportionate job loss concentrated among the working class. While an unprecedented social safety net policy response successfully offset earnings loses among lower-wage...
Persistent link: https://www.econbiz.de/10012485440
Persistent link: https://www.econbiz.de/10013275409