Brenke, Karl; Rinne, Ulf; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2011
Short-time work was the 'German answer' to the economic crisis. The number of short-time workers strongly increased in the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have risen by approximately twice as much as it actually did....