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http://hdl.handle.net/10419/51638
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| Title: | | Short-time work: The German answer to the Great Recession  |
| Authors: | | Brenke, Karl Rinne, Ulf Zimmermann, Klaus F. |
| Issue Date: | | 2011 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5780 |
| Abstract: | | Short-time work was the German answer to the economic crisis. The number of short-time workers strongly increased in the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have risen by approximately twice as much as it actually did. Short-time work has certainly contributed to the mild response of the German labor market to the crisis, but this is likely due to the country-specific context. Although the crisis has been overcome and employment is strongly expanding, modified regulations governing short-time work are still in place. This leads to undesired side effects. |
| Subjects: | | labor market policy partially unemployed workers short-time work compensation economic crisis |
| JEL: | | J65 J68 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20110621407 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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