Bermudez-Barrezueta, Natalia; Cockx, Bart; Bijnens, Gert - 2025
causal effects of STW on employment and wages. We find that, while STW significantly reduces the volume of work per worker …, it does not lead to statistically significant employment gains for the average treated firm. Importantly, positive … employment effects are concentrated among small manufacturing firms, which are more likely to face binding liquidity constraints …