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Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several …
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In this paper we show that panel estimates of tenure specific sensitivity to the business cycle of wages is subject to … removes a lot of potentially informative variation in average wages. Unfortunately cannot be identified in unmatched data …
Persistent link: https://www.econbiz.de/10009230754
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Using firm-level data from a large-scale European survey among 20 countries, we analyse the determinants of firms using short-time work (STW). We show that firms are more likely to use STW in case of negative demand shocks. We show that STW schemes are more likely to be used by firms with high...
Persistent link: https://www.econbiz.de/10011959218