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The impact of the COVID-19 crisis across different socio-economic groups and the role of job retention schemes - The case of Switzerland

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  • Alexander Hijzen
  • Andrea Salvatori

Abstract

This paper analyses the impact of the COVID-19 crisis across socio-economic groups in Switzerland and the role played by its short-time work scheme during the first year of the crisis until the end of 2020. To this end, it compares changes in hours worked for different socio-groups in Switzerland and other OECD countries, and then documents differences across groups in the use of short time work and in the risk of job loss. Finally, the paper investigates differences between groups of short-time work participants in terms of the reduction in working time, job search behavior and the risk of subsequent job loss. The evidence so far suggests that the Swiss short time work scheme as it operated during the first year of the COVID-19 crisis was fit for purpose.

Suggested Citation

  • Alexander Hijzen & Andrea Salvatori, 2022. "The impact of the COVID-19 crisis across different socio-economic groups and the role of job retention schemes - The case of Switzerland," OECD Social, Employment and Migration Working Papers 268, OECD Publishing.
    • Handle: RePEc:oec:elsaab:268-en
    DOI: 10.1787/38fc6bad-en
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    Cited by:

    1. Cahuc, Pierre, 2024. "The Micro and Macro Economics of Short-Time Work," IZA Discussion Papers 17111, Institute of Labor Economics (IZA).
    2. Peltonen, Juho, 2023. "Short-time work in search and matching models: Evidence from Germany during the Covid-19 crisis," MPRA Paper 119238, University Library of Munich, Germany.
    3. Peltonen, Juho, 2023. "On the efficiency of labor markets with short-time work policies," MPRA Paper 119165, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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