Cahuc, Pierre; Kramarz, Francis; Nevoux, Sandra - 2018
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 saving jobs. The cost of saving jobs is low because shorttime work … demonstrates that short-time work saved jobs in firms faced with large drops in their revenues during the Great Recession, in …