Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring
This note discusses policy options for managing the employment impacts of the COVID-19 (coronavirus) crisis aimed at relief and restructuring. The note pays attention to the labor market and institutional context of most low and middle-income count...
| Main Authors: | , , , , , , |
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| Format: | Working Paper |
| Language: | English Spanish |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/570961596032440980/Managing-the-Employment-Impacts-of-the-COVID-19-Crisis-Policy-Options-for-Relief-and-Restructuring http://hdl.handle.net/10986/34263 |
| Summary: | This note discusses policy options for
managing the employment impacts of the COVID-19
(coronavirus) crisis aimed at relief and restructuring. The
note pays attention to the labor market and institutional
context of most low and middle-income countries where
informality is large and where existing institutions often
lack mechanisms to effectively reach businesses and workers
in the informal economy. The note covers complementary
policies aimed, in the relief phase, at: 1) Helping
businesses survive and retain workers; 2) providing
protection for those who do lose their jobs and see their
livelihoods significantly affected; and 3) facilitating
alternative employment and employability support for those
who are out of work (collectively known as active labor
market programs, ALMP). The note further differentiates
between these relief responses and the restructuring
response when countries start to reopen for businesses and
policies need to aim to support firms' and
workers' transition to a "new normal",
hopefully a "better normal" that supports a
resilient recovery. |
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