%0 Report
        %A Brenke, Karl
%A Rinne, Ulf
%A Zimmermann, Klaus F.
        %T Short-Time Work: The German Answer to the Great Recession
        %D 2011
        %8 2011 Jun
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 5780
        %U https://www.iza.org/publications/dp5780
        %X Short-time work was the "German answer" to the economic crisis. The number of short-time workers strongly increased in the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have risen by approximately twice as much as it actually did. Short-time work has certainly contributed to the mild response of the German labor market to the crisis, but this is likely due to the country-specific context. Although the crisis has been overcome and employment is strongly expanding, modified regulations governing short-time work are still in place. This leads to undesired side effects.
        %K short-time work compensation
%K labor market policy
%K economic crisis
%K partially unemployed workers