Publication
Feb 2013
This paper analyzes the effects of short-time work (government subsidized work time reductions) on unemployment and output fluctuations. The central question is whether the implementation of short-time work stabilizes employment over the business cycle. The authors conclude that given the small share of short-time work expenses in terms of GDP, the stabilization effects are large compared to other instruments such as the income tax system.
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English (PDF, 35 pages, 549 KB) |
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Author | Almut Balleer, Britta Gehrke, Wolfgang Lechthaler, Christian Merkl |
Series | Kiel Institute Working Papers |
Issue | 1836 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2013 Kiel Institute for the World Economy |