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This paper investigates the reasons for the exceptionally robust performance of the German labour market during the Great Recession. While GDP dropped by more than five per cent in 2009, employment remained constant and started to increase soon after. We compare this recession to other major...
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Short-time work (STW) in Germany allows for a lot of flexibility in actual usage. Ex ante, firms notify the Employment Agency about the total number of employees eligible, and, up to the total granted, firms can flexibly choose how many employees actually use STW. In firm-level surveys, which...
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Short-time work - a wage subsidy conditional on hour reductions - has become an important tool of labor market policy in many European countries. As the scope of these policies expanded, concerns about side effects due to adverse selection increased. We develop a model of job retention policies...
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The economic crisis associated with the COVID-19 pandemic leads to a substantial potential loss of personal incomes and jobs. European countries have given different answers to the rising challenge, which nevertheless point to the same direction. We give three examples of such courses of action,...
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Kurzarbeit ermöglicht eine temporäre Reduktion der Arbeitszeit von Arbeitnehmern in Firmen, die einer schwachen … diesem Papier zeigen wir, dass sich die Effekte diskretionärer Kurzarbeit deutlich über den Konjunkturzyklus verändern und in … Rezession und Expansion nichtlinear sind. In tiefen Rezessionen kann Kurzarbeit bis zu 0,8 Arbeitsplätze pro Kurzarbeiter …
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