Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules
This note briefly reviews the experiences with wage subsidies and reduced work schedules in promoting employment and avoiding the depreciation of accumulated skills and knowledge due to a temporary downturn. These policies have been adopted by many...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/09/12431151/addressing-employment-effects-financial-crisis-role-wage-subsidies-reduced-work-schedules http://hdl.handle.net/10986/11717 |
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okr-10986-117172021-04-23T14:02:57Z Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules Robalino, David Banerji, Arup ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET POLICIES ACTIVE LABOR MARKET PROGRAMS AGGREGATE EMPLOYMENT BORROWING COLLECTIVE BARGAINING CONTRIBUTION RATE DISABILITY DISABLED WORKERS DISADVANTAGED GROUPS ECONOMIC SLOWDOWN ECONOMICS EMPLOYABILITY EMPLOYEE EMPLOYEE BENEFITS EMPLOYER CONTRIBUTION EMPLOYER CONTRIBUTIONS EMPLOYERS ORGANIZATIONS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT EFFECTS EMPLOYMENT OUTLOOK EMPLOYMENT POLICY EMPLOYMENT SERVICES EMPLOYMENT SUBSIDY FORMAL SECTOR WORKERS GOVERNMENT SUBSIDIES HEALTH INSURANCE HUMAN CAPITAL HUMAN RESOURCES HUMAN RESOURCES MANAGEMENT INCOME INCOME TAX INFORMAL SECTOR INFORMAL SECTOR WORKERS JOB COUNSELING JOB DESTRUCTION JOB TENURE JOBS JOBS CRISIS LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET FLEXIBILITY LABOR MARKET POLICIES LABOR MARKET RIGIDITIES LABOR MARKETS LABOR ORGANIZATION LABOR TURNOVER LABOUR LABOUR COSTS LAYOFFS LONG TERM UNEMPLOYMENT LOW-WAGE EMPLOYMENT MINIMUM WAGE PAID WORKERS PAYROLL TAXES PENSION SYSTEMS PRODUCTIVITY PUBLIC WORKS REGULAR JOBS SELF EMPLOYMENT SEVERANCE PAY SHORT-TERM TRAINING SOCIAL PROTECTION SOCIAL SECURITY SUBSIDIZED EMPLOYMENT SUBSIDIZED TRAINING TAX CREDITS TEMPORARY EMPLOYMENT TRAINING PROGRAMS TRAINING STIPENDS UNEMPLOYED UNEMPLOYED PEOPLE UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT BENEFIT UNEMPLOYMENT BENEFITS UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE SYSTEM UNFUNDED LIABILITIES UNSKILLED WORKERS WAGE EMPLOYMENT SUBSIDIES WAGE INCREASES WAGE LOSS WAGE LOSSES WAGE SUBSIDIES WAGE SUBSIDY WAGE SUBSIDY PROGRAMS WAGES WORK ORGANIZATION WORK SHARING WORKERS WORKING WORKING HOURS YOUNG WORKERS This note briefly reviews the experiences with wage subsidies and reduced work schedules in promoting employment and avoiding the depreciation of accumulated skills and knowledge due to a temporary downturn. These policies have been adopted by many high income countries as well as some middle income countries. It is to early o comment on their impact; to date, they have not been rigorously evaluated in the context of the financial crisis. And any results will also be difficult to generalize, since much depends on local conditions and the structure of the labor market. Wage subsidies and reduced work schedules show some promise as measures that can help countries to increase the employment elasticity of growth during the recovery and avoid the depreciation of skills associated with unemployment or informal work. Wage subsidies and reduced work schedules mainly benefit formal sector workers, which represent less than 50 percent of the labor force in most middle and low income countries. 2012-08-13T15:49:21Z 2012-08-13T15:49:21Z 2009-09 http://documents.worldbank.org/curated/en/2009/09/12431151/addressing-employment-effects-financial-crisis-role-wage-subsidies-reduced-work-schedules http://hdl.handle.net/10986/11717 English World Bank Employment Policy Primer; No. 14 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET POLICIES ACTIVE LABOR MARKET PROGRAMS AGGREGATE EMPLOYMENT BORROWING COLLECTIVE BARGAINING CONTRIBUTION RATE DISABILITY DISABLED WORKERS DISADVANTAGED GROUPS ECONOMIC SLOWDOWN ECONOMICS EMPLOYABILITY EMPLOYEE EMPLOYEE BENEFITS EMPLOYER CONTRIBUTION EMPLOYER CONTRIBUTIONS EMPLOYERS ORGANIZATIONS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT EFFECTS EMPLOYMENT OUTLOOK EMPLOYMENT POLICY EMPLOYMENT SERVICES EMPLOYMENT SUBSIDY FORMAL SECTOR WORKERS GOVERNMENT SUBSIDIES HEALTH INSURANCE HUMAN CAPITAL HUMAN RESOURCES HUMAN RESOURCES MANAGEMENT INCOME INCOME TAX INFORMAL SECTOR INFORMAL SECTOR WORKERS JOB COUNSELING JOB DESTRUCTION JOB TENURE JOBS JOBS CRISIS LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET FLEXIBILITY LABOR MARKET POLICIES LABOR MARKET RIGIDITIES LABOR MARKETS LABOR ORGANIZATION LABOR TURNOVER LABOUR LABOUR COSTS LAYOFFS LONG TERM UNEMPLOYMENT LOW-WAGE EMPLOYMENT MINIMUM WAGE PAID WORKERS PAYROLL TAXES PENSION SYSTEMS PRODUCTIVITY PUBLIC WORKS REGULAR JOBS SELF EMPLOYMENT SEVERANCE PAY SHORT-TERM TRAINING SOCIAL PROTECTION SOCIAL SECURITY SUBSIDIZED EMPLOYMENT SUBSIDIZED TRAINING TAX CREDITS TEMPORARY EMPLOYMENT TRAINING PROGRAMS TRAINING STIPENDS UNEMPLOYED UNEMPLOYED PEOPLE UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT BENEFIT UNEMPLOYMENT BENEFITS UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE SYSTEM UNFUNDED LIABILITIES UNSKILLED WORKERS WAGE EMPLOYMENT SUBSIDIES WAGE INCREASES WAGE LOSS WAGE LOSSES WAGE SUBSIDIES WAGE SUBSIDY WAGE SUBSIDY PROGRAMS WAGES WORK ORGANIZATION WORK SHARING WORKERS WORKING WORKING HOURS YOUNG WORKERS |
| spellingShingle |
ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET POLICIES ACTIVE LABOR MARKET PROGRAMS AGGREGATE EMPLOYMENT BORROWING COLLECTIVE BARGAINING CONTRIBUTION RATE DISABILITY DISABLED WORKERS DISADVANTAGED GROUPS ECONOMIC SLOWDOWN ECONOMICS EMPLOYABILITY EMPLOYEE EMPLOYEE BENEFITS EMPLOYER CONTRIBUTION EMPLOYER CONTRIBUTIONS EMPLOYERS ORGANIZATIONS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT EFFECTS EMPLOYMENT OUTLOOK EMPLOYMENT POLICY EMPLOYMENT SERVICES EMPLOYMENT SUBSIDY FORMAL SECTOR WORKERS GOVERNMENT SUBSIDIES HEALTH INSURANCE HUMAN CAPITAL HUMAN RESOURCES HUMAN RESOURCES MANAGEMENT INCOME INCOME TAX INFORMAL SECTOR INFORMAL SECTOR WORKERS JOB COUNSELING JOB DESTRUCTION JOB TENURE JOBS JOBS CRISIS LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET FLEXIBILITY LABOR MARKET POLICIES LABOR MARKET RIGIDITIES LABOR MARKETS LABOR ORGANIZATION LABOR TURNOVER LABOUR LABOUR COSTS LAYOFFS LONG TERM UNEMPLOYMENT LOW-WAGE EMPLOYMENT MINIMUM WAGE PAID WORKERS PAYROLL TAXES PENSION SYSTEMS PRODUCTIVITY PUBLIC WORKS REGULAR JOBS SELF EMPLOYMENT SEVERANCE PAY SHORT-TERM TRAINING SOCIAL PROTECTION SOCIAL SECURITY SUBSIDIZED EMPLOYMENT SUBSIDIZED TRAINING TAX CREDITS TEMPORARY EMPLOYMENT TRAINING PROGRAMS TRAINING STIPENDS UNEMPLOYED UNEMPLOYED PEOPLE UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT BENEFIT UNEMPLOYMENT BENEFITS UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE SYSTEM UNFUNDED LIABILITIES UNSKILLED WORKERS WAGE EMPLOYMENT SUBSIDIES WAGE INCREASES WAGE LOSS WAGE LOSSES WAGE SUBSIDIES WAGE SUBSIDY WAGE SUBSIDY PROGRAMS WAGES WORK ORGANIZATION WORK SHARING WORKERS WORKING WORKING HOURS YOUNG WORKERS Robalino, David Banerji, Arup Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules |
| relation |
World Bank Employment Policy Primer; No. 14 |
| description |
This note briefly reviews the
experiences with wage subsidies and reduced work schedules
in promoting employment and avoiding the depreciation of
accumulated skills and knowledge due to a temporary
downturn. These policies have been adopted by many high
income countries as well as some middle income countries. It
is to early o comment on their impact; to date, they have
not been rigorously evaluated in the context of the
financial crisis. And any results will also be difficult to
generalize, since much depends on local conditions and the
structure of the labor market. Wage subsidies and reduced
work schedules show some promise as measures that can help
countries to increase the employment elasticity of growth
during the recovery and avoid the depreciation of skills
associated with unemployment or informal work. Wage
subsidies and reduced work schedules mainly benefit formal
sector workers, which represent less than 50 percent of the
labor force in most middle and low income countries. |
| format |
Publications & Research :: Brief |
| author |
Robalino, David Banerji, Arup |
| author_facet |
Robalino, David Banerji, Arup |
| author_sort |
Robalino, David |
| title |
Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules |
| title_short |
Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules |
| title_full |
Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules |
| title_fullStr |
Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules |
| title_full_unstemmed |
Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules |
| title_sort |
addressing the employment effects of the financial crisis : the role of wage subsidies and reduced work schedules |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/09/12431151/addressing-employment-effects-financial-crisis-role-wage-subsidies-reduced-work-schedules http://hdl.handle.net/10986/11717 |
| _version_ |
1764417745330372608 |