WHAT DO WE KNOW ABOUT THE FIRST SET OF RESPONSES TO THE ECONOMIC IMPACT OF COVID19?
I have revised the evidence of a survey conducted by the ILO/WB (source, bellow) for 22 countries (mostly OECD). This is very preliminary, and already out of date for some countries, but still:
I have revised the evidence of a survey conducted by the ILO/WB (source, bellow) for 22 countries (mostly OECD). This is very preliminary, and already out of date for some countries, but still:
Some countries have put forward fairly comprehensive packages (IT). Others not (yet) (DK).
We find typical policy measures such as facilitating access to UB (NO); increasing the generosity of benefits (BE, NZ); expanding/automatically renewing entitlement to UB benefits (BE, GR, PT); reducing elegibility conditions to/increase generosity of social assistance (IT, UK).
Some countries introduced new benefits (AUT, CAN, POL, PT, KOR, ESP), in some cases as one-off payments (AUT, DE, IT), in other cases these as bridge benefits (IRL).
Some countries have introduced/strenghened Wage-Subsidies:
a) As part of 'lay-off' processes (FR, NO, POL, PT)
b) In the event of reduced business activty (DK, GR, IT, NZ, UK)
c) Targeted on speficic groups: Trainees/Appretices (AUT)
d) For Reductions in Working Hours (DE; NTL)
a) As part of 'lay-off' processes (FR, NO, POL, PT)
b) In the event of reduced business activty (DK, GR, IT, NZ, UK)
c) Targeted on speficic groups: Trainees/Appretices (AUT)
d) For Reductions in Working Hours (DE; NTL)
Suspending firing procedures (as in IT), or extending the duration of (short-term) employment contracts (KOR) is not a common option.
Some countries have used Sickness Benefits (CAN, DE, FIN, FR, IRL, IT, NZ, PT, KOR, ESP, SE, UK) and Family Benefits (CAN, DE, HU, IT, POL, KOR, ESP, US) as a way of providing protection against the direct costs of social isolation measures.
Some countries target explicitly self-employed workers/s (BE, FR, GR, IRL, NTL, POL, PT, UK), others do not.
There is a range of measures to protect the financial security of households, including:
a) Moratoriums on private rent payments / protectio against evictions (BE, GR, UK);
b) Moratoriums on mortage payments (BE, HU, UK);
c) Moratoriums on utility bill payments (NO);
(continues)
a) Moratoriums on private rent payments / protectio against evictions (BE, GR, UK);
b) Moratoriums on mortage payments (BE, HU, UK);
c) Moratoriums on utility bill payments (NO);
(continues)
d) Moratoriums on tax reporting and payment obligations (BE, NO, UK);
e) Reductions/Moratoriums on employee (HU, NTL) and self-employed workers (PT, SE) social security contributions;
e) Reductions/Moratoriums on employee (HU, NTL) and self-employed workers (PT, SE) social security contributions;
With the exception of ESP, there is almost no mention of measures targetd at homeless persons
Source: ilo.org/global/topics/…
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