of designing STEA policies that not only provide immediate economic relief but also support sustainable employment and …-time employment aid (STEA) to mitigate job losses and income reductions. This study examines the effectiveness of STEA in the short … and long term in Europe among workers aged 50 and older, a part of the population that was especially threatened by the …

, precautionary behavior exacerbates the downturn, and even sectors where Covid-19 does not directly affect consumption or production … policies. Our framework focuses on three key features: (a) Covid-19 is a sectoral shock of unknown depth and duration affecting … some sectors and technologies more than others; (b) there are constraints in shifting resources across sectors; and (c …

, precautionary behavior exacerbates the downturn, and even sectors where Covid-19 does not directly affect consumption or production … policies. Our framework focuses on three key features: (a) Covid-19 is a sectoral shock of unknown depth and duration affecting … some sectors and technologies more than others; (b) there are constraints in shifting resources across sectors; and (c …