Short-Time Work: The German Answer to the Great Recession
By Karl Brenke, U. Rinne, Klaus F. Zimmermann. Social Science Research Network, 2013
111 citations recorded by the source corpus.
Short-time work was the "German answer" to the economic crisis. The number of short-time workers strongly increased in the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have risen by approximately twice as much as it actually did. Short-time work has certainly contributed to the mild response of the German labor market to the crisis, but this is likely due to the country-specific context. Although the crisis has been overcome and employment is strongly expanding, modified regulations governing short-time work are still in place. This leads to undesired side effects.
Subfields: Economics and Econometrics, General Health Professions
View Paper: https://www.semanticscholar.org/paper/65bf7978a722d6bc954cc8f8a74283e0e10625e1
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In Economics and Econometrics
In General Health Professions
Citations in the corpus
- Another economic miracle? The German labor market and the Great Recession (2012, background): “5 See Leifels et al. (2009) or IMF (2009) for a detailed overview of the budget items of the stimulus packages and the expenditures associated with these measures.”