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Short-time work and precautionary savings
Dengler, Thomas; Gehrke, Britta - 2021
endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …
Persistent link: https://www.econbiz.de/10012517675
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Counteracting unemployment in crises : non-linear effects of short-time work policy
Gehrke, Britta; Hochmuth, Brigitte - 2018
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2018
institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …
Persistent link: https://www.econbiz.de/10011916540
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Does short-time work save jobs? : a business cycle analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013
counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …
Persistent link: https://www.econbiz.de/10009763124
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Some surprising facts about working time accounts and the business cycle
Balleer, Almut; Gehrke, Britta; Merkl, Christian - 2015
the key driver of the unusually small increase in German unemployment in the Great Recession. …
Persistent link: https://www.econbiz.de/10010488821
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Uncovering the mechanism(s): financial constraints and wages
Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2020
the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment … substantial decline in both unemployment and wages. Financial constraints therefore weaken the direct link between wage rigidity … and unemployment volatility. …
Persistent link: https://www.econbiz.de/10012389827