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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
[journal article]
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... view more
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.... view less
Keywords
contagious disease; epidemic; simulation; Federal Republic of Germany; short-time work; impact; measure; household income; labor market
Classification
Labor Market Research
Income Policy, Property Policy, Wage Policy
Free Keywords
Corona; Covid-19; Corona-Virus; EUROMOD; microsimulation; STW; automatic stabilisers; EU-SILC 2018
Document language
English
Publication Year
2022
Page/Pages
p. 1107-1136
Journal
International Tax and Public Finance, 30 (2022) 4
DOI
https://doi.org/10.1007/s10797-022-09738-w
ISSN
1573-6970
Status
Published Version; peer reviewed