Covid-19 Wage Subsidy Support and Effects PDF Download

Author: David C. Maré
Publisher:
ISBN:
Category : COVID-19 (Disease)
Languages : en
Pages :

View

Book Description

Author: Timothy Köhler
Publisher:
ISBN: 9789292672485
Category :
Languages : en
Pages : 0

View

Book Description
Wage subsidies have served as a primary labour market policy used around the world to mitigate job losses in response to the COVID-19 pandemic. In South Africa, where unemployment is among the highest globally, the Temporary Employer-Employee Relief Scheme supported millions of workers in a far-reaching and progressive manner. We make use of unique labour force panel data to estimate the causal effect of the policy on short-term job retention among formal private sector workers, who represent the majority of workers in the country, by exploiting a temporary institutional eligibility detail and estimating a difference-in-differences model. We find that the policy increased the probability of remaining employed by 16 percentage points in the short-term. This finding holds when subjected to several robustness tests. We further estimate heterogeneous and progressive effects across the wage distribution with larger effects observed for lower-wage workers, against a backdrop of regressively distributed job loss in the country. Our analysis provides evidence on the role of wage subsidies in the mitigation of job loss during crises in developing countries.

Author: Timothy Watson
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

Book Description

Author: Allen N. Berger
Publisher: Elsevier
ISBN: 044315273X
Category : Business & Economics
Languages : en
Pages : 522

View

Book Description
The Economic and Financial Impacts of the COVID-19 Crisis Around the World: Expect the Unexpected provides an informed, research-based in-depth understanding of the COVID-19 crisis, its impacts on households, nonfinancial firms, banks, and financial market participants, and the effectiveness of the reactions of governments and policymakers in the United States and around the world. It provides reflections and perspectives on the social costs and benefits of various policies undertaken and a toolkit of preventive measures to deal with crises beyond the COVID-19 crisis. Authors Allen N. Berger, Mustafa U. Karakaplan, and Raluca A. Roman apply their expertise to the research and data on the COVID-19 economic crisis as well as draw on their own rich research experience. They take a holistic approach that compares and contrasts this crisis with other economic and financial crises and assesses economic and financial behavior and government policies in the booms before crises and the aftermaths following them, as well as the crises themselves. They do all this with a keen eye on “Expecting the Unexpected future crises, and policies that might anticipate them and provide better outcomes for society. Serves as a compendium of available research and data on COVID-19, policies in response to the pandemic, and its effects on the real economy, banking sector, and financial markets Contextualizes the COVID-19 economic crisis by comparing it to two other global crises from the past: the Crash of 1929 and the Global Financial Crisis of 2007–2009 Helps illustrate how crises that originate in financial markets and in the banking sector differ from each other as well as from the COVID-19 crisis that harmed the real economy first Compares the policies and outcomes of nations to the COVID-19 pandemic and assesses their costs and benefits, with potential implications for prospective future crises

Author:
Publisher:
ISBN:
Category : COVID-19 Pandemic, 2020-
Languages : en
Pages : 0

View

Book Description

Author: OECD
Publisher: OECD Publishing
ISBN: 9264418091
Category :
Languages : en
Pages : 674

View

Book Description
This annual publication provides details of taxes paid on wages in OECD countries. It covers personal income taxes and social security contributions paid by employees, social security contributions and payroll taxes paid by employers, and cash benefits received by workers. Taxing Wages 2022 includes a special feature entitled: "Impact of COVID-19 on the Tax Wedge in OECD countries".

Author: Timothy Köhler
Publisher:
ISBN: 9789292674229
Category :
Languages : en
Pages : 0

View

Book Description
Wage subsidies served as a dominant labour market policy response around the world to mitigate job losses in response to the COVID-19 pandemic. However, no causal evidence of their effects exists for developing countries. We use unique panel labour force survey data and exploit a temporary institutional eligibility detail to estimate the causal effects of such a policy- the Temporary Employer/Employee Relief Scheme (TERS)-on job retention among formal private sector employees in South Africa. Using a difference-in-differences design, within the context of an economy with one of the highest unemployment rates in the world, we find that the policy increased the probability of remaining employed in the short term by 15.6 percentage points. Our findings imply that the policy saved 2.7 million jobs during April and May 2020 at a monthly cost of ZAR13,195 (US$1,851 PPP) per job saved. While this cost is large relative to the wage costs of jobs supported by the policy, it compares favourably to more developed country contexts. However, two thirds of the recipients were inframarginal and would have remained employed anyway in the policy's absence, arguably due to prioritization of rapid disbursement of relief over accurate targeting. We additionally examine heterogenous effects by subsidy intensity and find that effects are positive but marginally regressively distributed across the subsidy distribution.

Author: Jon Carleton Messenger
Publisher: Edward Elgar Publishing
ISBN: 1782540881
Category : Business & Economics
Languages : en
Pages : 321

View

Book Description
'Work sharing' is a labour market instrument devised to distribute a reduced volume of work to the same (or similar) number of workers over a diminished period of working time in order to avoid redundancies. This fascinating and timely study presents the concept and history of work sharing and explores the complexities and trade-offs involved in its use as both a strategy for preserving jobs and a policy for increasing employment. The expert contributors examine the resurgence in the use of work sharing as a job preservation strategy via country case studies of work-sharing programmes implemented across the globe during the Great Recession of 20082009. These studies clearly illustrate that work sharing has been successful as a crisis-response measure in a number of countries. Lessons learned and their implications are presented alongside prescriptions on how to design permanent work-sharing policies that would provide appropriate incentives to generate positive effects for employment and promote a sustainable and job-rich economic recovery. This enlightening book will prove invaluable to academics, researchers, students and policymakers in the fields of labour economics, public sector economics and social policy.

Author: New Zealand. Ministry of Social Development
Publisher:
ISBN:
Category : COVID-19 (Disease)
Languages : en
Pages :

View

Book Description

Author: Philip E. T. Lewis
Publisher:
ISBN:
Category : Employment subsidies
Languages : en
Pages : 42

View

Book Description