Research Discussion Paper – RDP 2020-07 How Many Jobs Did JobKeeper Keep?

Contents

• Introduction
• The JobKeeper Payment
• Previous Literature
• Data
• Empirical Strategy
• Results
• Robustness and Potential Biases
• Assessment
• Conclusion
• Appendix A: Comparison of PPP and JobKeeper Programs
• Appendix B: Additional Details on the Model
• Appendix C: Additional Statistics and Results
• Appendix D: Robustness Checks
• Appendix E: Alternative Identification Strategy
• References
• Copyright and Disclaimer Notice

For helpful comments and suggestions we thank Natasha Cassidy, Iris Chan, Nathan Deutscher, Pauline Grosjean, Jonathan Hambur, Gabrielle Penrose, John Simon, Lachlan Vass, Luke Willard and seminar participants at the Reserve Bank of Australia and Australian Treasury. We would like to thank the Australian Bureau of Statistics for making the LFS microdata data available to us, and in particular to Scott Marley for his assistance. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. The authors are solely responsible for any errors. Our programs and publicly available data are available at <https://www.rba.gov.au/publications/rdp/2020/2020-07/supplementary-information.html>.