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Labour market: Ters payment period should be extended i

  Timothy Köhler is a junior researcher and PhD candidate at the Development Policy Research Unit, School of Economics, University of Cape Town. Robert Hill is a junior researcher, junior lecturer and PhD candidate at the unit. Job retention policy which aims to preserve jobs by alleviating labour costs and supporting the incomes of workers at companies experiencing temporary slowdowns has served as one of the main tools used across the world to mitigate job losses due to the Covid-19 pandemic. These policies help employers to retain workers and avoid the potentially costly process of rehiring and retraining as economic activity picks up again. 

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