Arbeitspapier

Counteracting Unemployment in Crises: Non-Linear Effects of Short-Time Work Policy

zu Verbundenen Objekten

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 non-linear over the business cycle. It may save up to 0.8 jobs per short-time worker in deep economic crises. The policy becomes more efficient as the recession deepens. In expansions, the effects are smaller and may turn negative. We disentangle discretionary short-time work from automatic stabilization in German data using smooth transition VARs.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 11472

Klassifikation
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Fiscal Policy
Thema
short-time work
fiscal policy
labor market
non-linearity
smooth transition VARs
business cycle

Ereignis
Geistige Schöpfung
(wer)
Gehrke, Britta
Hochmuth, Brigitte
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Original beim Datenpartner anzeigen

Objekttyp

  • Arbeitspapier

Beteiligte

  • Gehrke, Britta
  • Hochmuth, Brigitte
  • Institute of Labor Economics (IZA)

Entstanden

  • 2018

Ähnliche Objekte (12)

Counteracting unemployment in crises: Non-linear effects of short-time work policy

Arbeitspapier

Counteracting unemployment in crises: Non-linear effects of short-time work policy

Does short-time work prevent unemployment?

Bericht

Does short-time work prevent unemployment?

Inefficient Short-Time Work

Arbeitspapier

Inefficient Short-Time Work

Is Short-Time Work a Good Method to Keep Unemployment Down?

Is Short-Time Work a Good Method to Keep Unemployment Down?

Is short-time work a good method to keep unemployment down?

Arbeitspapier

Is short-time work a good method to keep unemployment down?

Short-time work and unemployment in and after the Great Recession

Arbeitspapier

Short-time work and unemployment in and after the Great Recession

When Short-Time Work Works

Arbeitspapier

When Short-Time Work Works

Labour hoarding in Germany: Employment effects of short-time work during the crises

Arbeitspapier

Labour hoarding in Germany: Employment effects of short-time work during the crises

Short-time Fourier transform restriction phenomena and applications to nonlinear dispersive equations

Short-time Fourier transform restriction phenomena and applications to nonlinear dispersive equations

Income Effects of Unemployment and Short-Time Work in East German Transformation Process

Artikel

Income Effects of Unemployment and Short-Time Work in East German Transformation Process

Beeinflussung von Rohrleitungen (short-time interference)

Beeinflussung von Rohrleitungen (short-time interference)

Short-Time Work and Precautionary Savings

Arbeitspapier

Short-Time Work and Precautionary Savings

Verbundene Objekte