Editing Subsidy (section)

===Employment subsidy===
Employment or wage subsidies keep the employment relationship ongoing even during financial crisis. It is particularly beneficial for enterprises to recover quickly after a temporary suspension following a crisis. Workers are prevented from losing their jobs and other associated employment benefits such as annual leave entitlements and retirement pensions.<ref>{{cite web |title=Temporary Wage Subsidies |url=https://www.ilo.org/wcmsp5/groups/public/---ed_protect/---protrav/---travail/documents/publication/wcms_745666.pdf |website=International Labour Organisation |access-date=27 April 2023}}</ref>

Employment subsidies allow individual beneficiaries a minimum standard of living at the very least. However, less than half of active jobseekers in around 50% of OECD countries receive unemployment support.<ref>{{cite web |title=Basic income as a policy option: Can it add up? |url=https://www.oecd.org/social/Basic-Income-Policy-Option-2017.pdf |website=OECD |access-date=27 April 2023 |archive-date=28 April 2023 |archive-url=https://web.archive.org/web/20230428031036/https://www.oecd.org/social/Basic-Income-Policy-Option-2017.pdf |url-status=live }}</ref> The effect of employment subsidies may not be evident immediately. When employers received grants to subside a substantial part of the wages for retaining their employees or to create new jobs during severe recessions such as the 2008 GFC (Global Financial Crisis), there were minor impacts on employment during the first year. However, the subsidy began to yield positive effects on employment, particularly a decrease in the unemployment rate, in the second year as employers began to properly utilise the subsidy.<ref>{{cite journal |last1=Kim |first1=Hyejin |last2=Lee |first2=Jungmin |title=Can employment subsidies save jobs? Evidence from a shipbuilding city in South Korea |journal=Labour Economics |date=2019 |volume=61 |page=101763 |doi=10.1016/j.labeco.2019.101763 |s2cid=204435231 |url=https://www.sciencedirect.com/science/article/pii/S0927537119300892}}</ref>