ABSTRACT

Supporting People and Companies to Deal with the COVID-19 Virus: Options for an Immediate Employment and Social-Policy Response   [open pdf - 0B]

From the Document: "The unfolding COVID-19 [coronavirus disease] crisis is challenging people, households and firms in unprecedented ways. Containing the pandemic and protecting people is the top priority. But disrupted supply chains, containment measures that are limiting economic and social interactions and falling demand put people's jobs and livelihoods at risk. An immediate employment and social-policy response is needed. Reducing workers' exposure to COVID-19 in the workplace and ensuring access to income support for sick and quarantined workers are essential. Working parents need help with unforeseen care needs as schools are closing and elderly relatives are particularly vulnerable. Short-time work schemes can help protect jobs and provide relief to struggling companies, as evidenced during the last financial and economic crisis. Workers who lose their jobs and incomes, including those in non-standard forms of employment, need income support. As companies are suffering from a sharp drop in demand, rapid financial support through grants or credits can help them bridge liquidity gaps. Many affected countries introduced or announced bold measures over the last days and weeks, often with a focus on supporting the most vulnerable who are bearing a disproportionate share of the burden."

Publisher:
Date:
2020-03-20
Series:
Copyright:
2020 OECD
Retrieved From:
OECD: https://www.oecd.org/unitedstates/
Media Type:
application/pdf
URL:
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