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| 02438cam 2200373zi 4500 |
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| 001 | 9.894790 |
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| 003 | CaOODSP |
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| 005 | 20221107173836 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 201217t20202020oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2020-54E-PDF |
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| 100 | 1 |aBirinci, Serdar, |eauthor. |
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| 245 | 10|aLabour market policies during an epidemic / |cby Serdar Birinci, Fatih Karahan, Yusuf Mercan and Kurt See. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020. |
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| 264 | 4|c©2020 |
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| 300 | |a1 online resource (ii, 28 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2020-54 |
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| 500 | |a"Last updated: December 15, 2020." |
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| 504 | |aIncludes bibliographical references (pages 19-21). |
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| 520 | |a"We study the positive and normative implications of labor market policies that counteract the economic fallout from containment measures during an epidemic. We incorporate a standard epidemiological model into an equilibrium search model of the labor market to compare unemployment insurance (UI) expansions and payroll subsidies. In isolation, payroll subsidies that preserve match capital and enable a swift economic recovery are preferred over a cost-equivalent UI expansion. When considered jointly, however, a cost-equivalent optimal mix allocates 20 percent of the budget to payroll subsidies and 80 percent to UI. The two policies are complementary, catering to different rungs of the productivity ladder. The relatively small proportion allocated to payroll subsidies is sufficient to preserve high-productivity jobs but this also leaves room for social assistance to workers who face inevitable job losses"--Abstract. |
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| 650 | 0|aCOVID-19 (Disease)|xEconomic aspects|zCanada. |
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| 650 | 0|aBusiness cycles|xMathematical models. |
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| 650 | 6|aCOVID-19|xAspect économique|zCanada. |
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| 650 | 6|aCycles économiques|xModèles mathématiques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2020-54.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s689 KB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-54-eng.pdf |
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