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240412 ||| eng |
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|a Calligaris, Sara
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|a Employment dynamics across firms during COVID-19
|h Elektronische Ressource
|b The role of job retention schemes
|c Sara, Calligaris ... [et al]
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| 260 |
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|a Paris
|b OECD Publishing
|c 2023
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| 300 |
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|a 67 p.
|c 21 x 28cm
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| 653 |
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|a Economics
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| 700 |
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|a Ciminelli, Gabriele
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|a Costa, Hélia
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|a Criscuolo, Chiara
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|a eng
|2 ISO 639-2
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| 989 |
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|b OECD
|a OECD Books and Papers
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| 490 |
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|a OECD Economics Department Working Papers
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|a /10.1787/33388537-en
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| 856 |
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|a oecd-ilibrary.org
|u https://doi.org/10.1787/33388537-en
|x Verlag
|3 Volltext
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|a 330
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|a This paper analyses employment dynamics across firms during the COVID-19 pandemic and the role of job retention schemes (JRS) in shaping these dynamics. It relies on a novel collection of high-frequency harmonised micro-aggregated statistics, computed using administrative data on employment and wages from electronic payroll records across 12 countries linked to monthly information on policy support during COVID-19, as well as on a new indicator of JRS de-jure generosity. The analysis highlights four key findings: i) the employment adjustment margins varied over time, adjusting mainly through the intensive margin in 2020, while both the intensive and the extensive margins contributed to employment changes in 2021; ii) the reallocation process remained productivity enhancing, although to a lower extent on average compared to 2019; iii) JRS were successful in their purpose of cushioning the effect of the crisis on employment growth and firm survival; iv) JRS support did not distort the productivity-enhancing nature of reallocation
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