Gehrke, Britta; Hochmuth, Brigitte - 2017
order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for …Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty in … efficient as the recession deepens. We disentangle discretionary short-time work from automatic stabilization in German data and …