Bermudez-Barrezueta, Natalia; Cockx, Bart; Bijnens, Gert - 2025
We evaluate the effectiveness of Belgium's short-time work (STW) program during the Great Recession, a period when the country recorded the highest STW take-up rate in Europe. STW allows firms to reduce working hours in response to temporary shocks while avoiding layoffs, playing a key role in...