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NBB Working Paper, 2022, 414: Softening the blow: Job retention schemes in the pandemic

Oorspronkelijke titel: Softening the blow: Job retention schemes in the pandemic
Bron: nbb.be
27-09-2022
Publicatiejaar: 2022 Editie: 414 Aantal pagina's: 59
EN

We evaluate the welfare effects of the economic consequence of the COVID shock and job retention schemes (JRS) in a heterogenous agents DSGE model calibrated to the euro area. We find that the welfare cost of the COVID shock is large. Households who hold a limited stock of financial wealth and are unable to perfectly insure against shocks to their labor incomes experience larger welfare losses. JRS implemented in response to the pandemic have large favorable welfare…

Bron: https://www.nbb.be/en/articles/softening-blow-job-retention-schemes-pandemic - 27-09-2022
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Termen(5)
Arbeidsmobiliteit
Belgische arbeidsmarkt
Crisismaatregelen
Gezinsbudgetten
Ontwikkelingen(1)
Auteur(3)
Maite De Sola Perea
Marie-Denise Zachary
Jolan Mohimont