Cahuc, Pierre; Kramarz, Francis; Nevoux, Sandra - 2018
revenues during the Great Recession, in particular when highly levered, but only in these firms. The measured cost per saved …Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, Pierre Cahuc … negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without saving jobs. The cost of …