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KURZARBEIT /SHORT TIME WORKING: EXPERIENCES AND LESSONS FROM THE COVID-INDUCED DOWNTURN.

Authors :
Casey, Bernard H.
Mayhew, Ken
Source :
National Institute Economic Review; Feb2023, Vol. 263, p47-60, 14p
Publication Year :
2023

Abstract

Following the covid-induced lockdowns, many commented on the role the German model of Kurzarbeit could play in reducing unemployment. Other countries emulated the model. Looking at the experiences of Germany, the UK, Sweden and the USA, the article analyses the strengths and weaknesses of short-time working (STW) schemes. It asks whether STW has been well designed to have optimal short and longer run impact. It is quite effective as a short-term palliative, but in longer downturns, its weaknesses come to the fore. It is by no means clear that the UK needs a permanent replacement for the furlough. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00279501
Volume :
263
Database :
Complementary Index
Journal :
National Institute Economic Review
Publication Type :
Academic Journal
Accession number :
173629164
Full Text :
https://doi.org/10.1017/nie.2021.46