Publication: Protecting Workers, Firms, and Worker-Firm Attachment During COVID-19: Economic Considerations for the Assessment of Policy Measures
Date
2023-07-26
ISSN
Published
2023-07-26
Author(s)
Carranza, Eliana
Veuger, Stan
Weber, Michael
Abstract
Governments around the world provided
various types of support to businesses and their employees
affected by the by the COVID-19 pandemic, to preserve
employer-employee links, organizational knowledge, and
firm-specific human capital, and to facilitate the economic
recovery. This note complements efforts dedicated to
document jobs-related policy responses by providing an
overview of some of the basic economic considerations for
the design and assessment of these policy measures, with
special attention to emerging economies. The authors outline
a simple framework for policy assessment that accounts for
the mechanisms that transmit COVID-19 shocks through the
economy and the implications of the larger informal sector
and fiscal constraints shared by many emerging economies.
The authors then apply this framework to analyze an array of
policies that have been deployed to prevent and address
business failures and job losses in sectors directly or
indirectly affected by the pandemic.
Link to Data Set
Citation
“Carranza, Eliana; Veuger, Stan; Weber, Michael. 2023. Protecting Workers, Firms, and Worker-Firm Attachment During COVID-19: Economic Considerations for the Assessment of Policy Measures. Jobs Notes; Issue No.15. © Washington, DC: World Bank. http://hdl.handle.net/10986/40089 License: CC BY-NC 3.0 IGO.”