Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36869 
Year of Publication: 
2010
Series/Report no.: 
IZA Discussion Papers No. 4989
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
According to the French law, the short-time compensation (STC) program aims at avoiding redundancies during short-term downturns. Even if it does not shield establishments from redundancies (Calavrezo, Duhautois and Walkowiak, 2009a), STC can preserve an establishment's survival. This paper studies the relationship between STC and establishment exit over the period 2000-2005. We merge six data sets and we test the relationship between STC and establishment exit with propensity score matching techniques. Our results show that, on average, the year after establishments implement STC, they exit the market more intensely than establishments that do not use the program.
Subjects: 
Short-time compensation
establishment exit
selection bias
propensity score matching
JEL: 
J20
J63
C14
Document Type: 
Working Paper

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