Arbeitspapier
Theory and Empirics of Short-Time Work: A Review
Following massive take-up rates during the COVID-19 period, short-time work (STW) policies have attracted renewed interest. In this paper, we take stock of this policy instrument and provide a critical review of STW systems in Europe. We focus on the objectives of STW programs and their primary characteristics, as well as the inefficiencies associated with these policies, such as excessive use and slower worker reallocation. Additionally, we take a stroll through the main contributions of STW impact evaluations. Finally, we identify relevant directions for the refinement of the main design features of the scheme, key lessons, and avenues for future research.
- Language
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Englisch
- Bibliographic citation
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Series: GLO Discussion Paper ; No. 1348
- Classification
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Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Time Allocation and Labor Supply
Labor Demand
Labor Turnover; Vacancies; Layoffs
Unemployment Insurance; Severance Pay; Plant Closings
- Subject
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Short-time work
labor hoarding
employment
firm survival
unemployment insurance
- Event
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Geistige Schöpfung
- (who)
-
Bermudez, Natalia
Dejemeppe, Muriel
Tarullo, Giulia
- Event
-
Veröffentlichung
- (who)
-
Global Labor Organization (GLO)
- (where)
-
Essen
- (when)
-
2023
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bermudez, Natalia
- Dejemeppe, Muriel
- Tarullo, Giulia
- Global Labor Organization (GLO)
Time of origin
- 2023
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When Short-Time Work Works
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Short-time work compensations and employment
Short-Time Work and Precautionary Savings
Does short-time work prevent unemployment?
Designing short-time work for mass use
Employers' selection behavior during short-time work
Short-time work compensation schemes and employment
Short-time Work Subsidies in a Matching Model
Optimal short-time work: Screening for jobs at risk
Short-time work in Luxembourg: evidence from a firm survey
Inefficient Short-Time Work
When Short-Time Work Works
Short-Time Work and Precautionary Savings
Short-time work compensations and employment
Short-Time Work and Precautionary Savings
Does short-time work prevent unemployment?
Designing short-time work for mass use
Employers' selection behavior during short-time work
Short-time work compensation schemes and employment
Short-time Work Subsidies in a Matching Model
Optimal short-time work: Screening for jobs at risk