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Job Retention Schemes during COVID-19: A Review of Policy Responses

Author

Listed:
  • Eichhorst, Werner

    (IZA)

  • Marx, Paul

    (University of Bonn)

  • Rinne, Ulf

    (IZA)

  • Brunner, Johannes

    (IZA)

Abstract

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.

Suggested Citation

  • Eichhorst, Werner & Marx, Paul & Rinne, Ulf & Brunner, Johannes, 2022. "Job Retention Schemes during COVID-19: A Review of Policy Responses," IZA Policy Papers 187, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izapps:pp187
    as

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    References listed on IDEAS

    as
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    9. Pierre Cahuc, 2019. "Short-time work compensation schemes and employment," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-11, May.
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Lalinsky, Tibor & Anyfantaki, Sofia & Benkovskis, Konstantins & Bergeaud, Antonin & Bun, Maurice & Bunel, Simon & Colciago, Andrea & De Mulder, Jan & Lopez, Beatriz Gonzalez & Jarvis, Valerie & Krasno, 2024. "The impact of the COVID-19 pandemic and policy support on productivity," Occasional Paper Series 341, European Central Bank.
    2. Robert A. Hart, 2023. "Hours vs employment in response to demand shocks," IZA World of Labor, Institute of Labor Economics (IZA), pages 393-393, February.
    3. Konstantins Benkovskis & Olegs Tkacevs & Karlis Vilerts, 2024. "Understanding How Job Retention Schemes Reshape the Within-Occupation Skill Profile of Employees within Firms," Working Papers 2024/02, Latvijas Banka.
    4. Marx, Paul & Eichhorst, Werner & Rinne, Ulf & Brunner, Johannes, 2022. "Income Support for Non-covered Workers during COVID-19: A Review of Policy Responses," IZA Policy Papers 189, Institute of Labor Economics (IZA).
    5. Sher Singh Verick, 2023. "The Challenge of Youth Employment: New Findings and Approaches," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 66(2), pages 421-437, June.
    6. Natalia Bermudez & Muriel Dejemeppe & Giulia Tarullo, 2023. "Theory and Empirics of Short-Time Work: A Review," LIDAM Discussion Papers IRES 2023018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    7. Bellmann, Lisa & Bellmann, Lutz & Hübler, Olaf, 2023. "Labour Mobility in German Establishments during the COVID-19 Crisis: Panel Data Analyses with Special Reference to Short-Time Work and Working from Home," IZA Discussion Papers 15935, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    survey; COVID-19; youth; gender equality; economic sectors; economic recovery; rapid assessment; skills; education; employment policy; decent work; work;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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