The Coronavirus Job Retention Scheme (CJRS) is an important success story of the Covid-19 pandemic in the UK. Drawing on our previous work on a targeted furlough scheme, this event will discuss the benefits and drawbacks of such schemes, and explore how versions of this scheme may be applied in any future economic downturn.
There will be presentations from:
- Dr Alexander Hijzen (OECD) on ‘Job retention schemes during the Covid-19 crisis: An OECD perspective’
- Professor Danny McGowan (University of Birmingham) on ‘A Targeted Furlough Scheme for the UK Economy’
- Professor Stephen Millard (NIESR) and Nicholas Jackson (Department of Treasury and Finance, Government of Victoria) on 'Examining the success of the UK Furlough Scheme: A Macro Modelling Approach’
- Christoph Görtz (University of Birmingham), Santosh Koirala (University of Birmingham), Danny McGowan (University of Birmingham) and Paul Mortimer-Lee (NIESR) on ‘A Targeted Furlough Scheme for the UK Economy’
Following these presentations there will be an open floor discussion led by Tim Butcher, the Chief Economist and Deputy Secretary at the Low Pay Commission.