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Inhaltsbereich: Institut für Arbeitsmarkt- und Berufsforschung

Does short-time work save jobs?

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Abstract

"This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the institution short-time work) and the discretionary component (i.e., rule changes) stabilize employment over the business cycle. In our baseline scenario the rule based component stabilizes unemployment fluctuations by 15% and output fluctuations by 7%. Given the small share of short-time work expenses in terms of GDP, the stabilization effects are large compared to other instruments such as the income tax system. By contrast, discretionary short-time work interventions do not have any statistically significant effect on unemployment. These effects are based on a structural VAR estimation which is identified using the output elasticity of short-time work estimated from German establishment paneldata. The model shows that non-effects of discretionary interventions may be due to their low persistence." (Author's abstract, IAB-Doku) ((en))

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Bibliografische Daten

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian (2014): Does short-time work save jobs? * a business cycle analysis. (CESifo working paper, 4640), München, 40 S.
 

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