Working Paper: Job Retention during the Covid-19 Pandemic

Working Paper - January 2022 - No. 186

Authors Borgensgaard, Pernille Valentin (Danmarks Nationalbank)
Subject Economic activity and employment; Public finances and fiscal policy
Type Working paper
Year 2022
Published 13 January 2022
Abstract icon This paper examines the labor market effects of the Danish wage compensation scheme for employees during the covid-19 pandemic. The scheme prevented job losses, especially for low-tenured workers, but led to a decline in furloughed workers’ labor income. Labor market mobility was basically unaffected.