Boeri, Tito; Brücker, Herbert - 2011
The Great Recession triggered a resurgence of short-time work (STW) throughout the OECD. Several countries introduced … recession. In this paper we analyse the rationale for short time work benefits and their effects on labour adjustment from both … Great Recession. However, the number of jobs saved, according to our macroeconomic estimates, is smaller than the full …