Design and Take-Up of Austria's Coronavirus Short-Time Work Model
Dennis Tamesberger () and
Simon Theurl ()
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Dennis Tamesberger: Department for Economic, Welfare and Social Policy, Chamber of Labour, Linz, Austria
Simon Theurl: Department for Labour Market and Integration, Chamber of Labour, Vienna, Austria
No 127, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy
Abstract:
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 first give a historical overview of how STW developed in Austria before focusing specifically on the country’s STW scheme – one of the most generous among the EU27 – during the course of the coronavirus pandemic. By analyzing relevant data, we identified three key periods in which STW was reformed and slightly modified. We also aim to show how STW take-up rates differ according to gender and sector. Moreover, we consider STW payments alongside sectors and are able to identify those sectors that see a greater benefit from STW. We conclude that the pandemic offered learning effects, thus allowing STW to be used more efficiently in the future by employers in times of crisis.
Keywords: COVID-19 crisis; unemployment; short-time work (STW); labor hoarding; ALMPs (search for similar items in EconPapers)
Pages: 33 pages
Date: 2021-07
New Economics Papers: this item is included in nep-eur and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
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Persistent link: https://EconPapers.repec.org/RePEc:ico:wpaper:127
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