Fig. 15

Earnings loss due to short-time work by economic sections. Blue (orange) dots indicate average income losses in the Great Recession (Coronavirus Recession) in %. For the comparison we use the information about the average amount of working time lost due to STW in the two crises which is provided by the Federal Employment Agency (Employment equivalent/number of short-time workers). Given that STW is paid on the basis of net earnings losses we calculate the impact of STW on average gross monthly earnings (SOEP) in Euro by using the Kurzarbeiterrechner on the assumption that the short-time worker is single, in tax class 1, without children. Sources: Federal Employment Agency, SOEP, Kurzarbeiterrechner (https://www.nettolohn.de/rechner/kurzarbeitergeld.html), own calculations