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The role of short-time work and discretionary policy measures in mitigating the effects of the COVID-19 crisis in Germany
[Zeitschriftenartikel]
Abstract In this paper, we investigate the impact of the COVID-19 pandemic on German household income in 2020 using a micro-level approach. We combine a microsimulation model with novel labour market transition techniques to simulate the COVID-19 shock on the German labour market. We find the consequences of... mehr
In this paper, we investigate the impact of the COVID-19 pandemic on German household income in 2020 using a micro-level approach. We combine a microsimulation model with novel labour market transition techniques to simulate the COVID-19 shock on the German labour market. We find the consequences of the labour market shock to be highly regressive with a strong impact on the poorest households. However, this effect is nearly entirely offset by automatic stabilisers and discretionary policy measures. We explore the cushioning effect of these policies in detail, showing that short-time working schemes and especially the one-off payments for children are effective in cushioning the income loss of the poor.... weniger
Thesaurusschlagwörter
Infektionskrankheit; Epidemie; Simulation; Bundesrepublik Deutschland; Kurzarbeit; Auswirkung; Maßnahme; Haushaltseinkommen; Arbeitsmarkt
Klassifikation
Arbeitsmarktforschung
Einkommenspolitik, Lohnpolitik, Tarifpolitik, Vermögenspolitik
Freie Schlagwörter
Corona; Covid-19; Corona-Virus; EUROMOD; microsimulation; STW; automatic stabilisers; EU-SILC 2018
Sprache Dokument
Englisch
Publikationsjahr
2022
Seitenangabe
S. 1107-1136
Zeitschriftentitel
International Tax and Public Finance, 30 (2022) 4
DOI
https://doi.org/10.1007/s10797-022-09738-w
ISSN
1573-6970
Status
Veröffentlichungsversion; begutachtet (peer reviewed)