Analyzing the Furlough Scheme's Effectiveness in Supporting People Employed by Private Corporations and Controlling Unemployment Rates during the COVID-19 Pandemic
18 Pages Posted: 28 Feb 2022
Date Written: February 20, 2022
Abstract
This paper looks at data on how the scheme has been used, the state of the broader labor market, and experience in selected other advanced economies to evaluate the furlough scheme’s effectiveness and suggest what type of support should remain beyond the 30 September deadline. In addition, we aim to set out some of the critical challenges facing the labor market, particularly around employment, in the coming year.
Keywords: Policy, Economics, Furlough Scheme, COVID-19
JEL Classification: E, H
Suggested Citation: Suggested Citation
Chambial, Shiven, Analyzing the Furlough Scheme's Effectiveness in Supporting People Employed by Private Corporations and Controlling Unemployment Rates during the COVID-19 Pandemic (February 20, 2022). Available at SSRN: https://ssrn.com/abstract=4039089 or http://dx.doi.org/10.2139/ssrn.4039089
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