Change search
ReferencesLink to record
Permanent link

Direct link
Does short-time work save jobs? A business cycle analysis
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies. RWTH Aachen, Germany.
Number of Authors: 4
2016 (English)In: European Economic Review, ISSN 0014-2921, E-ISSN 1873-572X, Vol. 84, 99-122 p.Article in journal (Refereed) Published
Abstract [en]

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: while the rule-based component of short-time work is a cost-efficient job saver, the discretionary component is completely ineffective. In a case study for Germany, we use the rich data available to combine micro- and macroeconomic evidence with macroeconomic modeling in order to identify, quantify and interpret these two components of short-time work.

Place, publisher, year, edition, pages
2016. Vol. 84, 99-122 p.
Keyword [en]
Short-time work, Fiscal policy, Business cycles, Search and matching, SVAR
National Category
Economics and Business
URN: urn:nbn:se:su:diva-131215DOI: 10.1016/j.euroecorev.2015.05.007ISI: 000375632400007OAI: diva2:936731
Available from: 2016-06-14 Created: 2016-06-14 Last updated: 2016-06-14Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Search in DiVA

By author/editor
Balleer, Almut
By organisation
Institute for International Economic Studies
In the same journal
European Economic Review
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Altmetric score

Total: 5 hits
ReferencesLink to record
Permanent link

Direct link