Sturn, Simon; Herzog-Stein, Alexander; Lindner, Fabian - 2013
Great Recession. While GDP dropped by more than five per cent in 2009, employment remained constant and started to increase … productivity and working time cushioned their impact on employment. We find that reductions in hourly productivity played a … Recession, temporary working time reductions were amply used to stabilise employment. Using a time series model, we show that …
