Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - Institute for the Study of Labor (IZA) - 2013
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...
