• 1 Introduction
  • 2 An Insurance Model
  • 2.1 Working Time Accounts as a Means of Insuring the Risk of Job Loss
  • 2.2 AlternativeAdjustmentStrategies
  • 2.3 Renegotiation-proofness of Working Time Accounts
  • 2.4 Working Time Accounts as Part of a Complementary System
  • 2.5 Critical Remarks
  • 2.6 Extensions: Permanent Demand Shifts and Production Risks
  • 3 Concluding Remarks