employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …

of other employment policies. …

-rating component. -- short-time work ; unemployment ; employment … 2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … and employment. There is some evidence that short-time compensation programs stabilize permanent employment and reduce …

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … and employment. There is some evidence that short-time compensation programs stabilize permanent employment and reduce … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection … models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …