Balleer, Almut
[Verfasser:in]
;
Gehrke, Britta
[Sonstige Person, Familie und Körperschaft];
Lechthaler, Wolfgang
[Sonstige Person, Familie und Körperschaft];
Merkl, Christian
[Sonstige Person, Familie und Körperschaft]
Does Short-Time Work Save Jobs? A Business Cycle Analysis
Erschienen in:CESifo Working Paper Series ; No. 4640
Umfang:
1 Online-Ressource (41 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.2404922
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 20, 2014 erstellt
Beschreibung:
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 appears to be 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