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The effects of the job retention programme during the Covid pandemic on the Chilean firms and households.
- Source :
- Applied Economics Letters; Mar2023, Vol. 30 Issue 6, p766-771, 6p, 1 Chart, 3 Graphs
- Publication Year :
- 2023
-
Abstract
- During the pandemic, several countries implemented job retention programmeswith the goal of preserving human capital and supporting a quick recovery. This work uses administrative records to show the impact of the job retention programme in Chile across firms of different industries and sizes. Using a calibrated model based on survey data of households and our administrative register of workers-firms, we then show that the Chilean Employment Protection Law increase aggregate consumption by 0.3% and helped to smooth household consumption during the period between March of 2020 and March of 2021. [ABSTRACT FROM AUTHOR]
- Subjects :
- COVID-19 pandemic
CONSUMPTION (Economics)
JOB security
BUSINESS size
HUMAN capital
Subjects
Details
- Language :
- English
- ISSN :
- 13504851
- Volume :
- 30
- Issue :
- 6
- Database :
- Complementary Index
- Journal :
- Applied Economics Letters
- Publication Type :
- Academic Journal
- Accession number :
- 161969752
- Full Text :
- https://doi.org/10.1080/13504851.2021.2018126