TY  - RPRT
        AU  - Balleer, Almut
AU  - Gehrke, Britta
AU  - Lechthaler, Wolfgang
AU  - Merkl, Christian
        TI  - Does Short-Time Work Save Jobs? A Business Cycle Analysis
        PY  - 2013/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7475
        UR  - https://www.iza.org/index.php/publications/dp7475
        AB  - 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.
        KW  - business cycles
KW  - fiscal policy
KW  - short-time work
KW  - search-and-matching
KW  - SVAR
        ER  -