Does Short-Time Work Save Jobs? A Business Cycle Analysis
Beitrag in einer Fachzeitschrift
Details zur Publikation
Autor(en): Gehrke B, Lechthaler W, Merkl C, Balleer A
Zeitschrift: → European Economic Review |
Verlag: Elsevier
Jahr der Veröffentlichung: 2016
Band: 84
Seitenbereich: 99-122
ISSN: 0014-2921
Sprache: Englisch
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.
FAU-Autoren / FAU-Herausgeber
| | | Juniorprofessur für Makroökonomie und Arbeitsmarktforschung |
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| Merkl, Christian Prof. Dr. |
| | Lehrstuhl für Volkswirtschaftslehre, insbesondere Makroökonomik |
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Zitierweisen
APA: | Gehrke, B., Lechthaler, W., Merkl, C., & Balleer, A. (2016). Does Short-Time Work Save Jobs? A Business Cycle Analysis. European Economic Review, 84, 99-122. https://dx.doi.org/10.1016/j.euroecorev.2015.05.007 |
MLA: | Gehrke, Britta, et al. "Does Short-Time Work Save Jobs? A Business Cycle Analysis." European Economic Review 84 (2016): 99-122. |