Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279649 
Year of Publication: 
2023
Series/Report no.: 
GLO Discussion Paper No. 1348
Publisher: 
Global Labor Organization (GLO), Essen
Abstract: 
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.
Subjects: 
Short-time work
labor hoarding
employment
firm survival
unemployment insurance
JEL: 
E24
J22
J23
J63
J65
Document Type: 
Working Paper

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