Short-time work schemes and their effects on wages and disposable income

António Dias Da Silva, Maarten Dossche, Ferdinand Dreher, Claudia Foroni and Gerrit Koester

Economic Bulletin Boxes, 2020, vol. 4

Abstract: 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. JEL Classification: E24, E65

Keywords: Covid crisis; disposable income; labour markets (search for similar items in EconPapers)
Date: 2020-06
Note: 686280
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Citations: View citations in EconPapers (6)

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