Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...

Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...

Ist Arbeitszeitverlängerung ohne Lohnausgleich, wie neuerdings vielfach von interessierten Kreisen behauptet, der Weg aus der Beschäftigungskrise? Diese Fragestellung wurde mit Hilfe makroökonometrischer Simulationsverfahren untersucht. Selbst unter der Annahme, dass der Staat die infolge der...

The objective of our analysis is to find out whether an increase in working time without pay compensation can be considered an adequate policy to reduce unemployment. From the perspective of economic theory the outcome is in general ambiguous: On the one hand, as the increase in working time...