Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274635 
Authors: 
Year of Publication: 
2023
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 393v2 [Year:] 2023
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
The responses of working hours and employment levels to temporary negative demand shocks like those caused by the Great Recession in 2007-2008 and the Covid-19 pandemic in 2020-2022 have shown that consideration of both is important. Workers' desired rises in working hours in times of recession also serve to modify the standard measure of unemployment. During Covid-19, both jobs and earnings were temporarily protected among workers forced into short-time work schemes, providing a useful comparison with the provision of improved unemployment insurance to unemployed workers at that time.
Subjects: 
demand shocks
hours
employment
job retention
JEL: 
E24
E32
J23
Persistent Identifier of the first edition: 
Document Type: 
Article

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