Can governmental policies mitigate the effects of recessions on unemployment? We study whether the Swiss short …-time work (STW) program reduced unemployment in the 2009-2015 period using quarterly establishment-level panel data linking … several administrative data sources. We compare changes in permanent layoffs into unemployment, hiring from unemployment …

featured mainly declining unemployment rates. We develop a search and matching model with heterogeneous skills to explore the … role of structural and cyclical policies for this performance. Calibrating unemployment benefits to approximate legislation … before and after the reforms, we find a large reduction in unemployment and its duration, with the transition concluding …

. Traditionally, the unemployment rose sharply during previous economic recessions. Therefore, it seemed like a novelty when the … unemployment rate rose only insignificantly in a pandemic recession. We find that both the demand and supply side of the labour … increase in unemployment during a recession, the rate of utilization of workers’ time capacities fell, with expected impacts …