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Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...
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In der aktuellen Corona-Krise wird in mehr Ländern als jemals zuvor Kurzarbeit als arbeitsmarktpolitisches Instrument eingesetzt, um Beschäftigung zu sichern und die sozialen Kosten der Krise zu begrenzen. Trotz erheblicher Unterschiede in der institutionellen Ausgestaltung und Logik von...
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temporarily. But short-time work is certainly not a panacea to "flatten the unemployment curve" - especially not in a scenario of … firms, unemployment benefits have been made more generous in many countries. Often, activation principles have also been …
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Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
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transitions of workers with secondary and higher education. We focus on transitions from employment to unemployment and on job … Survey on Labour Participation and Unemployment (PLUS), we calculate three measures of vertical mismatch. This allows … unemployment risk, through a Routine Task Index (RTI) calculated on Italian data. Results indicate that mismatched workers are at …
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Short-time work was frequently used in the EU during the COVID-19 pandemic to minimize crisis-related layoffs. This paper focuses on the short-time work (STW) scheme in Austria by exploring the characteristic features of the Austrian Coronavirus STW model and examining how it was utilized. We...
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