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...
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| Format: | Working Paper |
| Language: | English Spanish |
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World Bank, Washington, DC
2020
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| 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 |
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okr-10986-342632021-05-25T09:52:34Z Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring Carranza, Eliana Farole, Thomas Gentilini, Ugo Morgandi, Matteo Packard, Truman Santos, Indhira Weber, Michael CORONAVIRUS COVID-19 PANDEMIC IMPACT LABOR MARKET ECONOMIC CRISIS UNEMPLOYMENT PANDEMIC RESPONSE JOBS ECONOMIC RELIEF ECONOMIC RECOVERY FIRM LIQUIDITY CASHFLOW TARGETING ACCESS TO FINANCE WORKER RETENTION EMPLOYMENT SUBSIDY WAGE SUBSIDY SELF-EMPLOYMENT SAFETY NETS PUBLIC WORKS UNEMPLOYMENT BENEFIT BUSINESS CONTINUITY INFORMAL SECTOR 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. 2020-07-30T18:36:49Z 2020-07-30T18:36:49Z 2020-07 Working Paper 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 English Spanish Jobs Working Paper;No. 49 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English Spanish |
| topic |
CORONAVIRUS COVID-19 PANDEMIC IMPACT LABOR MARKET ECONOMIC CRISIS UNEMPLOYMENT PANDEMIC RESPONSE JOBS ECONOMIC RELIEF ECONOMIC RECOVERY FIRM LIQUIDITY CASHFLOW TARGETING ACCESS TO FINANCE WORKER RETENTION EMPLOYMENT SUBSIDY WAGE SUBSIDY SELF-EMPLOYMENT SAFETY NETS PUBLIC WORKS UNEMPLOYMENT BENEFIT BUSINESS CONTINUITY INFORMAL SECTOR |
| spellingShingle |
CORONAVIRUS COVID-19 PANDEMIC IMPACT LABOR MARKET ECONOMIC CRISIS UNEMPLOYMENT PANDEMIC RESPONSE JOBS ECONOMIC RELIEF ECONOMIC RECOVERY FIRM LIQUIDITY CASHFLOW TARGETING ACCESS TO FINANCE WORKER RETENTION EMPLOYMENT SUBSIDY WAGE SUBSIDY SELF-EMPLOYMENT SAFETY NETS PUBLIC WORKS UNEMPLOYMENT BENEFIT BUSINESS CONTINUITY INFORMAL SECTOR Carranza, Eliana Farole, Thomas Gentilini, Ugo Morgandi, Matteo Packard, Truman Santos, Indhira Weber, Michael Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring |
| relation |
Jobs Working Paper;No. 49 |
| description |
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. |
| format |
Working Paper |
| author |
Carranza, Eliana Farole, Thomas Gentilini, Ugo Morgandi, Matteo Packard, Truman Santos, Indhira Weber, Michael |
| author_facet |
Carranza, Eliana Farole, Thomas Gentilini, Ugo Morgandi, Matteo Packard, Truman Santos, Indhira Weber, Michael |
| author_sort |
Carranza, Eliana |
| title |
Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring |
| title_short |
Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring |
| title_full |
Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring |
| title_fullStr |
Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring |
| title_full_unstemmed |
Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring |
| title_sort |
managing the employment impacts of the covid-19 crisis : policy options for relief and restructuring |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
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 |
| _version_ |
1764480529651990528 |