Counteracting Unemployment in Crises: Non-Linear Effects of Short-Time Work Policy
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and non-linear o...
|Place of publication:||
Bonn Institute of Labor Economics (IZA) 2018
|published in:||IZA Discussion Papers Vol. 11472|
|Data of publication:||2018|
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