Anatomy of a wage subsidy
Hancké, Bob
; Van Overbeke, Toon; and Voss, Dustin
(2020)
Anatomy of a wage subsidy
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; Van Overbeke, Toon; and Voss, Dustin
(2020)
Anatomy of a wage subsidy
[['eprint_typename_blog_post' not defined]]
Last week, the UK introduced a wage subsidy scheme that has strong similarities with the German Kurzarbeit (‘short work’) programme. Bob Hancké, Toon Van Overbeke and Dustin Voss argue that much in the UK’s approach is misguided. The German scheme works, they write, because it has three critical elements that are wholly or mostly absent in the UK. It would be a surprise, therefore, if it worked as intended – even leaving aside the potentially prohibitive shift in costs from government to employers.
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