Name: Preparing ERTE for the Future (en Inglés)
SKU: 66734100
Price: 47.99 USD
Availability: InStock
Author: Oecd

portada Preparing ERTE for the Future (en Inglés)

Preparing ERTE for the Future (en Inglés)

Formato

Libro Físico

Editorial

OECD

Autor

Oecd

Idioma

Inglés

N° páginas

102

Encuadernación

Tapa Blanda

Dimensiones

27.9x21x0.5 cm

ISBN13

9789264686069

Preparing ERTE for the Future (en Inglés)

Oecd (Autor) · OECD · Tapa Blanda

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Reseña del libro "Preparing ERTE for the Future (en Inglés)"

This report provides a detailed assessment of job retention support (ERTE) in Spain during the COVID-19 crisis. It provides three major insights. First, job retention support in Spain has been transformed from a little used and difficult to access scheme before the COVID-19 crisis to a scheme that can be scaled up quickly in response to a major economic downturn and be phased out easily as economic conditions recover. Second, the use of ERTE was stronger in regions, industries and occupations most affected by the COVID-19 crisis, suggesting support was effectively targeted to firms and workers that needed it most. Third, job retention was highly effective in supporting employment during the COVID-19 crisis. It not only prevented a major surge in unemployment but also avoided that the labour market became congested with too many job seekers competing for too few job vacancies. The labour market reform of December 2021 consolidated many of the important changes that made job retention support so successful during the COVID-19 crisis and in addition introduced a specific mechanism that allows scaling up support in the case of large adverse shocks.