IMF published this video item, entitled “Kurzarbeit- Germany’s Short-Time Work Program” – below is their description.
The COVID-19 pandemic has generated renewed interest in short-time work programs (STW)—the state-sponsored work-sharing schemes aimed at saving jobs. Kurzarbeit, Germany’s STW is widely considered the gold standard of such programs. This presentation analyzes Kurzarbeit’s main design features—that help strike a balance between protecting jobs and avoiding too much rigidity in the labor market—and highlights its role in the current crisis. #IMFmeetings http://www.fundbankmeetings.org
IMF YouTube Channel
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