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Back to topPreserving Links in the Pandemic: Policies to Maintain Worker-Firm Attachment in the OECD (Paperback)
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Description
The economic crisis triggered by the COVID-19 pandemic was different from a typical recession. Governments had intentionally restricted activity in significant parts of the economy to reduce the in-person interactions that might spread the virus. As a consequence, businesses that were productive and profitable in February 2020 were in grave danger of bankruptcy just weeks later. Recognizing this, governments in advanced economies provided various types of support to aid business continuity and preserve worker-firm links. In this volume, we present preliminary evidence on the efficacy and efficiency of a number of these fiscal interventions. We do so through a comparative lens, by studying the different decisions reached by policymakers in eight Organisation of Economic Co-operation and Development member states: Australia, Canada, France, Germany, Italy, Spain, the Netherlands, and the United Kingdom.
About the Author
Michael R. Strain is the director of Economic Policy Studies and Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is a research fellow with the Institute of Labor Economics in Bonn, a research affiliate with the Institute for Research on Poverty at the University of Wisconsin-Madison, and an elected member of the National Academy of Social Insurance. Stan Veuger is a senior fellow in economic policy studies at the American Enterprise Institute. He is also the editor of AEI Economic Perspectives, as well as a fellow at the IE School of Global and Public Affairs and at Tilburg University.