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Inhaltsbereich: Institut für Arbeitsmarkt- und Berufsforschung

Does short-time work save jobs?

Abstract

"In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: while the rule-based component of short-time work is a cost-efficient job saver, the discretionary component is completely ineffective. In a case study for Germany, we use the rich data available to combine micro- and macroeconomic evidence with macroeconomic modeling in order to identify, quantify and interpret these two components of short-time work." (Author's abstract, © 2016 Elsevier) ((en))

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Bibliografische Daten

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian (2016): Does short-time work save jobs? * a business cycle analysis. In: European Economic Review, Vol. 84, No. May, S. 99-122.
 

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