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Does short-time wor...
Does short-time work save jobs? A business cycle analysis
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- Balleer, Almut (author)
- Stockholms universitet,Institutet för internationell ekonomi,RWTH Aachen, Germany
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Gehrke, Britta (author)
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Lechthaler, Wolfgang (author)
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Merkl, Christian (author)
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(creator_code:org_t)
- Elsevier BV, 2016
- 2016
- English.
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In: European Economic Review. - : Elsevier BV. - 0014-2921 .- 1873-572X. ; 84, s. 99-122
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
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- 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.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Keyword
- Short-time work
- Fiscal policy
- Business cycles
- Search and matching
- SVAR
Publication and Content Type
- ref (subject category)
- art (subject category)
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