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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...
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mandatory reduction of weekly working hours in France. Just after François Mitterrand's election in May 1981, the government … creation. These results should help us understand the possible effects of the upcoming mandatory reduction of hours in France … envisaged in other European countries, which hope that hours reductions will be an efficient policy for reducing unemployment. …
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We use longitudinal individual wage and employment data in France and the United States to investigate the effect of …
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