Short-time work schemes and their effects on wages and disposable income. 17/06/2020
da Silva, Antonio Dias ; Dossche, Maarten ; Dreher, Ferdinand ; Foroni, Claudia ; Koester, Gerrit
2020
4
epidemic disease ; short time working ; income ; wages ; earnings replacement rate
Unemployment
English
"This box reviews recent developments in short-time work and temporary lay-off schemes in the five largest euro area countries. It then calculates wage replacement rates and estimates take-up rates. Combining wage replacement rates with the estimated number of participants makes it possible to calculate the impact of short-time work on household disposable income. The box concludes that short-time work and temporary lay-off measures are significantly buffering the impact of COVID-19 on households' disposable income."
Digital
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