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Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty in order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for example. This paper shows that the effects of...
Persistent link: https://www.econbiz.de/10011718992
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on … the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures … contrasting it with the chosen strategy in the United States. In Germany, temporary cyclical reductions in working hours are …
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We present experimental evidence on the effects of four U.S. reemployment programs for youth Unemployment Insurance (UI …
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of 2009, including the unemployment, inflow, and outflow rates by workers of different educational attainment. We … the short term, but can cause a higher equilibrium unemployment rate in the long term. Employment subsidies succeed in … lowering the unemployment rate permanently, but the policy entails high fiscal costs. -- Employment ; unemployment ; hiring …
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