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

Gehrke, Britta
Juniorprofessur für Makroökonomie und Arbeitsmarktforschung
Merkl, Christian Prof. Dr.
Lehrstuhl für Volkswirtschaftslehre, insbesondere Makroökonomik


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.

BibTeX: 

Zuletzt aktualisiert 2018-18-10 um 03:00