아프리카ㆍ중동
연구정보
[경제] The effect of wage subsidies on job retention Evidence from South Africa during the COVID-19 pandemic
남아프리카공화국 국외연구자료 연구보고서 - WIDER 발간일 : 2022-10-19 등록일 : 2022-11-13 원문링크
Wage subsidies have served as a primary labour market policy used around the world to mitigate job losses in response to the COVID-19 pandemic. In South Africa, where unemployment is among the highest globally, the Temporary Employer–Employee Relief Scheme supported millions of workers in a far-reaching and progressive manner.
We make use of unique labour force panel data to estimate the causal effect of the policy on short-term job retention among formal private sector workers, who represent the majority of workers in the country, by exploiting a temporary institutional eligibility detail and estimating a difference-in-differences model.
We find that the policy increased the probability of remaining employed by 16 percentage points in the short-term. This finding holds when subjected to several robustness tests. We further estimate heterogeneous and progressive effects across the wage distribution with larger effects observed for lower-wage workers, against a backdrop of regressively distributed job loss in the country.
Our analysis provides evidence on the role of wage subsidies in the mitigation of job loss during crises in developing countries.
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