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IT – Information Technology

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How Many Jobs Did JobKeeper Keep?

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
We find that one in five employees who received JobKeeper (and, thus, remained employed) would not have remained employed during this period had it not been for the JobKeeper Payment.
https://www.rba.gov.au/publications/rdp/2020/2020-07.html

How Many Jobs Did JobKeeper Keep?

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
JobKeeper's contribution to employment outcomes (nor do Treasury argue that it does). ... It was possible for eligible firms to have both eligible and ineligible employees on their payroll.
https://www.rba.gov.au/publications/rdp/2020/2020-07/full.html

Data

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
Download the Paper 1.79. MB. The challenge in estimating the effect of JobKeeper on employment is that it is hard to disentangle the effect of JobKeeper from the effects of ... It is worth noting that information on JobKeeper worker eligibility is only
https://www.rba.gov.au/publications/rdp/2020/2020-07/data.html

Assessment

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
It is possible that JobKeeper had a different effect on casuals away from the tenure threshold. ... We cannot test this assumption directly, so we leave it as a caveat and avenue for future research.
https://www.rba.gov.au/publications/rdp/2020/2020-07/assessment.html

Previous Literature

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
JobKeeper's contribution to employment outcomes (nor do Treasury argue that it does). ... Table A1 provides details on the nature of the PPP scheme and how it compares to JobKeeper.
https://www.rba.gov.au/publications/rdp/2020/2020-07/previous-literature.html

Introduction

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
It did this by giving employers a wage subsidy for eligible employees in order to help them retain those employees and reduce the associated wage costs. ... We find that one in every five employees who received JobKeeper would have exited employment had
https://www.rba.gov.au/publications/rdp/2020/2020-07/introduction.html

Conclusion

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
Our baseline estimate is that one in five JobKeeper recipients would not have stayed employed during this period had it not been for JobKeeper.
https://www.rba.gov.au/publications/rdp/2020/2020-07/conclusion.html

Appendix D: Robustness Checks

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
Permanent employees eligible for redundancy pay did not have lower rates of job loss than those without it (Figure D1). ... Again, it is worth reiterating that our analysis focuses on whether JobKeeper preserved employment, not jobs.
https://www.rba.gov.au/publications/rdp/2020/2020-07/appendix-d.html

How Many Jobs Did JobKeeper Keep?

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
It also generates the results of the robustness tests and implements the alternative identification strategy (based on migrants).
https://www.rba.gov.au/publications/rdp/2020/2020-07/read-me.html

Empirical Strategy

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
It was possible for eligible firms to have both eligible and ineligible employees on their payroll. ... That is, we will assume that JobKeeper has a similar effect on employment for casual employees as it does for permanent staff.
https://www.rba.gov.au/publications/rdp/2020/2020-07/empirical-strategy.html