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Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
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production to zero, we show that the effects of a WTR on (un)employment depend on the abundance of natural capital. If it is …
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Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
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We study the consequences of a working time reduction (WTR hereafter) in an exogenous growth model with unemployment …
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