Short-time work and related measures to mitigate the consequences of a (partial) economic shutdown

0531179 - NHÚ 2021 RIV CZ eng V - Research Report
Mittag, Nikolas - Pertold, Filip
Short-time work and related measures to mitigate the consequences of a (partial) economic shutdown.
Praha: Národohospodářský ústav AV ČR, v. v. i., 2020. 28 s. Studie IDEA anti COVID-19, 13/2020. ISBN 978-80-7344-534-8
Grant - others:AV ČR(CZ) StrategieAV21/22
Program: StrategieAV
Institutional support: RVO:67985998
Keywords : COVID-19 * Czech Republic
OECD category: Applied Economics, Econometrics
https://idea.cerge-ei.cz/files/IDEA_Kurzarbeit_zahranicni_zkusenost_Covid19_duben2020_13/IDEA_Kurzarbeit_zahranicni_zkusenost_Covid19_duben2020_13.html

The objective of this document is to provide a basic foundation to think about the merits, alternatives and policy design choices of short-time work policies. The first section characterizes the motivation for short-term work and the types of costs that it can help to reduce or cause. The second section briefly overviews key policy alternatives and their merits, to lay out where short-time work has the potential to be useful, and what alternative tools can amend or replace it. This is followed by an overview of short-time work policies from the last recession and key lessons learned from that experience. The document closes with an overview of short-time work policies already enacted in response to the current economic situation. The main aim of this document is to draw general policy conclusions for the current situation in the Czech Republic based on the reviews and considerations in the first two sections. Section 3 will attempt to do so. Readers who are primarily interested in specific policies or those familiar with the literature on short-time work may want to go straight to Section 3.
Permanent Link: http://hdl.handle.net/11104/0309903