Employment dynamics across firms during COVID-19 : The role of job retention schemes / Sara, Calligaris ... [et al]
Mitwirkende(r): Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: OECD Economics Department Working Papers ; no.1788Verlag: Paris : OECD Publishing, 2023Beschreibung: 1 Online-Ressource (67 p.) ; 21 x 28cmSchlagwörter: DOI: DOI: 10.1787/33388537-enOnline-Ressourcen: Zusammenfassung: This paper analyses employment dynamics across firms during the COVID-19 pandemic and the role of job retention schemes (JRS) in shaping these dynamics. It relies on a novel collection of high-frequency harmonised micro-aggregated statistics, computed using administrative data on employment and wages from electronic payroll records across 12 countries linked to monthly information on policy support during COVID-19, as well as on a new indicator of JRS de-jure generosity. The analysis highlights four key findings: i) the employment adjustment margins varied over time, adjusting mainly through the intensive margin in 2020, while both the intensive and the extensive margins contributed to employment changes in 2021; ii) the reallocation process remained productivity enhancing, although to a lower extent on average compared to 2019; iii) JRS were successful in their purpose of cushioning the effect of the crisis on employment growth and firm survival; iv) JRS support did not distort the productivity-enhancing nature of reallocation.PPN: PPN: 1883058597Package identifier: Produktsigel: ZDB-13-SOC-ebook | ZDB-13-SOCDieser Titel hat keine Exemplare