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Is there life beyond the Spanish government's aid to furloughed employees by COVID-19?

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorLaborda Herrero, Juan
dc.contributor.authorRivera Torres, Pilar
dc.contributor.authorSalas Fumás, Vicente
dc.contributor.authorSuárez, Cristina
dc.contributor.funderMinisterio de Economía y Competitividad (España)es
dc.date.accessioned2022-03-09T11:11:51Z
dc.date.available2022-03-09T11:11:51Z
dc.date.issued2021-06-23
dc.description.abstractThis paper examines the perceptions of firms in April 2020, one month after the Spanish Government declared the state of alarm, about how the COVID-19 pandemic will affect their business activity in the following months, and what employment decisions they expect to make in response. The data for the study was collected by the Government of the region of Aragon (Spain) through a survey of a non-randomly selected sample of firms located in the region. In addition to prospects and intended actions, firms were asked whether or not they had applied for ERTE aid (the Spanish job retention scheme to contain the pandemic crisis). We find that firms participating (voluntarily and anonymously) in the survey anticipated rather well the severity of the effects of the pandemic in the following months. The ERTE aid helped firms to maintain the jobs of their inactive employees, while firms that did not ask for aid responded by laying off employees. Further, the ERTE aid helped to maintain the jobs of furloughed employees, but the firms receiving ERTE aid expected to lay off the same proportion of employees as firms without that aid, controlling for the different anticipated effects of the pandemic in the two groups of firms.en
dc.description.sponsorshipThis research was funded by the Spanish Ministerio de Economía y Competitividad and FEDER, grant number ECO2017-86305-C4-3-R and CREVALOR research group, funded by the Gobierno de Aragón. The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.en
dc.format.extent21
dc.identifier.bibliographicCitationLaborda, J., Rivera-Torres, P., Salas-Fumas, V., & Suárez, C. (2021). Is there life beyond the Spanish government’s aid to furloughed employees by COVID-19? PLOS ONE, 16(6), e0253331.en
dc.identifier.doihttps://doi.org/10.1371/journal.pone.0253331
dc.identifier.issn1932-6203
dc.identifier.publicationfirstpage1
dc.identifier.publicationissue6 Juneen
dc.identifier.publicationlastpage21
dc.identifier.publicationtitlePLoS Oneen
dc.identifier.publicationvolume16
dc.identifier.urihttps://hdl.handle.net/10016/34318
dc.identifier.uxxiAR/0000028825
dc.language.isoeng
dc.publisherPublic Library of Scienceen
dc.relation.projectIDGobierno de España. ECO2017-86305-C4-3-Res
dc.rights© 2021 Laborda et al.en
dc.rightsAtribución 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.ecienciaEmpresaes
dc.titleIs there life beyond the Spanish government's aid to furloughed employees by COVID-19?en
dc.typeresearch article*
dc.type.hasVersionVoR*
dspace.entity.typePublication
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