Managing the Employment Impacts of the COVID-19 Crisis : Policy Options for Relief and Restructuring

Carranza, Eliana ; Farole, Thomas ; Gentilini, Ugo ; Morgandi, Matteo ; Packard, Truman ; Santos, Indhira ; Weber, Michael

World Bank, Washington, DC

关键词: CORONAVIRUS;    COVID-19;    PANDEMIC IMPACT;    LABOR MARKET;    ECONOMIC CRISIS;   

RP-ID  :  151282

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This note discusses policy options formanaging the employment impacts of the COVID-19(coronavirus) crisis aimed at relief and restructuring. Thenote pays attention to the labor market and institutionalcontext of most low and middle-income countries whereinformality is large and where existing institutions oftenlack mechanisms to effectively reach businesses and workersin the informal economy. The note covers complementarypolicies aimed, in the relief phase, at: 1) Helpingbusinesses survive and retain workers; 2) providingprotection for those who do lose their jobs and see theirlivelihoods significantly affected; and 3) facilitatingalternative employment and employability support for thosewho are out of work (collectively known as active labormarket programs, ALMP). The note further differentiatesbetween these relief responses and the restructuringresponse when countries start to reopen for businesses andpolicies need to aim to support firms' andworkers' transition to a "new normal",hopefully a "better normal" that supports aresilient recovery.