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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...
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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...
Persistent link: https://www.econbiz.de/10012012411
production to zero, we show that the effects of a WTR on (un)employment depend on the abundance of natural capital. If it is …
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We study the consequences of a working time reduction (WTR hereafter) in an exogenous growth model with unemployment …
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