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Can governmental policies mitigate the effects of recessions on unemployment? We study whether the Swiss short …-time work (STW) program reduced unemployment in the 2009-2015 period using quarterly establishment-level panel data linking … several administrative data sources. We compare changes in permanent layoffs into unemployment, hiring from unemployment …
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decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90 …
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