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We use longitudinal individual wage and employment data in France and the United States to investigate the effect of …
Persistent link: https://www.econbiz.de/10013247258
Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...
Persistent link: https://www.econbiz.de/10012914329