%0 Report
        %A Balleer, Almut
%A Gehrke, Britta
%A Lechthaler, Wolfgang
%A Merkl, Christian
        %T Does Short-Time Work Save Jobs? A Business Cycle Analysis
        %D 2013
        %8 2013 Jun
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7475
        %U https://www.iza.org/index.php/publications/dp7475
        %X 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 appears to be 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.
        %K business cycles
%K fiscal policy
%K short-time work
%K search-and-matching
%K SVAR