Many governments introduced temporary adjustments to counter the economic and health consequences of the COVID-19 pandemic. We study the importance of already existing government transfers and pandemic measures to mitigate individual income losses during the pandemic in Sweden using a...

We show that digital capital and working from home were essential for the resilience of local labour markets in the context of the COVID-19 crisis in Germany. Employment responses differed widely across local labour markets, with differences in short-time work rates of up to 30 percentage points...

We investigate with German data how the use of temporary agency work has helped establishments to manage the economic and financial crisis in 2008/09. We examine the (regular) workforce development, use of short-time work, and business performance of establishments that made differential use of...

We analyse the use of short-time work (STW) by Luxembourg firms during the years of economic and financial crisis (2008-2009) and the subsequent European sovereign debt crisis (2010-2013). The economic and financial crisis saw a surge in the number of firms using short-time work. We find that...

Die Auswirkungen der von Covid-19 ausgelösten Wirtschaftskrise auf die Arbeitslosigkeit könnten kaum unterschiedlicher sein als in den USA und Europa. Das gilt auch für die politischen Reaktionen: Während die EU-27 die Arbeitslosigkeit bisher weitgehend durch massiven Einsatz von Kurzarbeit...

Eine der Maßnahmen, mit denen die Bundesregierung die Folgen der aktuellen Coronakrise für den Arbeitsmarkt zu entschärfen sucht, ist der erleichterte Zugang zum Kurzarbeitergeld. Dieses Instrument wurde bereits erfolgreich bei der Bewältigung der Finanzmarkt- und Wirtschaftskrise 2008/09...

Using firm-level data from a large-scale European survey among 20 countries, we analyse the determinants of firms using short-time work (STW). We show that firms are more likely to use STW in case of negative demand shocks. We show that STW schemes are more likely to be used by firms with high...

There is substantial evidence on the effectiveness of short-time work on reducing unemployment. However, no study looks at its role during natural disasters. This article exploits the exogenous nature of the 2013 European floods to assess if the impact depends on the quality of the short-time...

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...

Short-time work - a wage subsidy conditional on hour reductions - has become an important tool of labor market policy in many European countries. As the scope of these policies expanded, concerns about side effects due to adverse selection increased. We develop a model of job retention policies...