unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline … scenario the rule based component of short-time work (i.e., due to the existence of the institution) stabilizes unemployment …-time work interventions (i.e., rule changes) do not have any statistically significant effect on unemployment. These effects are …

endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …

As a bottom-up approach, a Job Guarantee policy can tackle the issue of unemployment on the macroeconomic …

recessions. First, we show that the consumption risk of short-time work is considerably smaller compared to unemployment using … frictions featuring an endogenous firing and short-time work decision. In recessions, short-time work reduces the unemployment …

matching and unemployment. Based on two microeconomic datasets, we show that the market share of the Federal Employment Agency … activities of the Federal Employment Agency did not contribute to the decline of unemployment in Germany. By contrast, improved …

generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform …'s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …