Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013
In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to … component appears to be completely ineffective. In a case study for Germany, we use the rich data available to combine micro … counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …