Covid-19 Furloughs Are Getting the Job Done

Despite questions as to their cost and fairness, employment subsidies in the EU appear to be working as intended.

Article in INSEAD knowledge by Morten Bennedsen, Niels Bohr Professor; Birthe Larsen, Associate Professor of Economics, Copenhagen Business School; Ian Schmutte, Associate Professor of Economics, Terry College of Business; and Daniela Scur, Assistant Professor of Strategy, SC Johnson College.