Arico, Fabio R; Stein, Ulrike - In: Comparative Economic Studies 54 (2012) 2, pp. 275-297
This paper considers the use of short-time work (STW) schemes as a device to mitigate the negative effects of the current global recession on employment levels. STW schemes have been regarded as a popular and successful counter-cyclical policy to maintain workers in employment. However, by...