Publication:
Addressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedules

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dc.contributor.authorRobalino, David
dc.contributor.authorBanerji, Arup
dc.date.accessioned2012-08-13T15:49:21Z
dc.date.available2012-08-13T15:49:21Z
dc.date.issued2009-09
dc.description.abstractThis 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/09/12431151/addressing-employment-effects-financial-crisis-role-wage-subsidies-reduced-work-schedules
dc.identifier.doi10.1596/11717
dc.identifier.urihttps://hdl.handle.net/10986/11717
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesWorld Bank Employment Policy Primer; No. 14
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACTIVE LABOR
dc.subjectACTIVE LABOR MARKET
dc.subjectACTIVE LABOR MARKET POLICIES
dc.subjectACTIVE LABOR MARKET PROGRAMS
dc.subjectAGGREGATE EMPLOYMENT
dc.subjectBORROWING
dc.subjectCOLLECTIVE BARGAINING
dc.subjectCONTRIBUTION RATE
dc.subjectDISABILITY
dc.subjectDISABLED WORKERS
dc.subjectDISADVANTAGED GROUPS
dc.subjectECONOMIC SLOWDOWN
dc.subjectECONOMICS
dc.subjectEMPLOYABILITY
dc.subjectEMPLOYEE
dc.subjectEMPLOYEE BENEFITS
dc.subjectEMPLOYER CONTRIBUTION
dc.subjectEMPLOYER CONTRIBUTIONS
dc.subjectEMPLOYERS ORGANIZATIONS
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT CREATION
dc.subjectEMPLOYMENT EFFECTS
dc.subjectEMPLOYMENT OUTLOOK
dc.subjectEMPLOYMENT POLICY
dc.subjectEMPLOYMENT SERVICES
dc.subjectEMPLOYMENT SUBSIDY
dc.subjectFORMAL SECTOR WORKERS
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectHEALTH INSURANCE
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCES
dc.subjectHUMAN RESOURCES MANAGEMENT
dc.subjectINCOME
dc.subjectINCOME TAX
dc.subjectINFORMAL SECTOR
dc.subjectINFORMAL SECTOR WORKERS
dc.subjectJOB COUNSELING
dc.subjectJOB DESTRUCTION
dc.subjectJOB TENURE
dc.subjectJOBS
dc.subjectJOBS CRISIS
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET ADJUSTMENT
dc.subjectLABOR MARKET FLEXIBILITY
dc.subjectLABOR MARKET POLICIES
dc.subjectLABOR MARKET RIGIDITIES
dc.subjectLABOR MARKETS
dc.subjectLABOR ORGANIZATION
dc.subjectLABOR TURNOVER
dc.subjectLABOUR
dc.subjectLABOUR COSTS
dc.subjectLAYOFFS
dc.subjectLONG TERM UNEMPLOYMENT
dc.subjectLOW-WAGE EMPLOYMENT
dc.subjectMINIMUM WAGE
dc.subjectPAID WORKERS
dc.subjectPAYROLL TAXES
dc.subjectPENSION SYSTEMS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC WORKS
dc.subjectREGULAR JOBS
dc.subjectSELF EMPLOYMENT
dc.subjectSEVERANCE PAY
dc.subjectSHORT-TERM TRAINING
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSUBSIDIZED EMPLOYMENT
dc.subjectSUBSIDIZED TRAINING
dc.subjectTAX CREDITS
dc.subjectTEMPORARY EMPLOYMENT
dc.subjectTRAINING PROGRAMS
dc.subjectTRAINING STIPENDS
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYED PEOPLE
dc.subjectUNEMPLOYED WORKERS
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT BENEFIT
dc.subjectUNEMPLOYMENT BENEFITS
dc.subjectUNEMPLOYMENT INSURANCE
dc.subjectUNEMPLOYMENT INSURANCE SYSTEM
dc.subjectUNFUNDED LIABILITIES
dc.subjectUNSKILLED WORKERS
dc.subjectWAGE EMPLOYMENT SUBSIDIES
dc.subjectWAGE INCREASES
dc.subjectWAGE LOSS
dc.subjectWAGE LOSSES
dc.subjectWAGE SUBSIDIES
dc.subjectWAGE SUBSIDY
dc.subjectWAGE SUBSIDY PROGRAMS
dc.subjectWAGES
dc.subjectWORK ORGANIZATION
dc.subjectWORK SHARING
dc.subjectWORKERS
dc.subjectWORKING
dc.subjectWORKING HOURS
dc.subjectYOUNG WORKERS
dc.titleAddressing the Employment Effects of the Financial Crisis : The Role of Wage Subsidies and Reduced Work Schedulesen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.doiregistration2025-04-29T10:34:02.723292Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/09/12431151/addressing-employment-effects-financial-crisis-role-wage-subsidies-reduced-work-schedules
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.guid254631468150870215
okr.identifier.externaldocumentum000333038_20100617021838
okr.identifier.internaldocumentum12431151
okr.identifier.report55082
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/06/17/000333038_20100617021838/Rendered/PDF/550820BRI0EPPN10Box349439B01PUBLIC1.pdfen
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.topicTaxation and Subsidies
okr.topicSocial Protections and Labor::Labor Standards
okr.topicWork and Working Conditions
okr.topicMacroeconomics and Economic Growth
okr.unitSocial Protection Team (HDNSP)
okr.volume1 of 1
relation.isAuthorOfPublication63663214-e8c1-5318-a6f5-0c4de21dd09a
relation.isAuthorOfPublicationa1169ab7-18c2-57c3-99f9-39bef8c1e004
relation.isAuthorOfPublication.latestForDiscovery63663214-e8c1-5318-a6f5-0c4de21dd09a
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World Bank Employment Policy Primer