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COVID-19 in Germany: A hiring crisis

Beschreibung

"The most critical aspect of the corona crisis on the labour market results from a lack of new hires. While policies like short-time work have been successful in avoiding additional job separations, they are not sufficient to improve the labour market sustainably and to avoid undesirable effects. This can be achieved, for instance, by providing financial support for new hires. A potential option would be to temporarily pay social security contributions for new jobs from the tax budget. This would not only incentivise rapid recruitment, but also encourage the creation of jobs subject to social security contributions instead of creating or re-hiring mini-jobs. One may focus such measures on long-term unemployed and those who are at risk just as on professional newcomers." (Text excerpt, IAB-Doku) ((en))

Zitationshinweis

Bauer, Anja (2021): COVID-19 in Germany: A hiring crisis. In: Baltic Rim Economies H. 3, S. 1-3.

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