Short-time work in Luxembourg: Evidence from a firm survey

Konstantinos Efstathiou, Thomas Mathä, Cindy Veiga and Ladislav Wintr
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Konstantinos Efstathiou: Bruegel, Brussels
Cindy Veiga: Banque centrale du Luxembourg
Ladislav Wintr: Banque centrale du Luxembourg

Journal for Labour Market Research, 2018, vol. 52, issue 1, Article 14

Abstract: "We analyse the use of short-time work (STW) by Luxembourg firms during the years of economic and financial crisis (2008 - 2009) and the subsequent European sovereign debt crisis (2010 - 2013). The economic and financial crisis saw a surge in the number of firms using short-time work. We find that the likelihood that a firm applied for or used short-time work increases with demand volatility, the degree of firm-specific human capital and is higher for firms that cannot shift workers between establishments or that are more export oriented. Firms reported that 20 - 25% of jobs in short-time work were saved by this measure." (Author's abstract, © Springer-Verlag) ((en))

Keywords: Luxemburg; Beschäftigtenstruktur; Determinanten; Exportabhängigkeit; Finanzkrise; Inanspruchnahme; Kurzarbeit; Kurzarbeit; Nachfrageentwicklung; Qualifikationsstruktur; Arbeitskräftehortung; Wirtschaftskrise; Arbeitsplatzsicherung; 2008-2013 (search for similar items in EconPapers)
JEL-codes: C25 J63 J68 (search for similar items in EconPapers)
Date: 2018-12-04
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Citations: View citations in EconPapers (9)

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DOI: 10.1186/s12651-018-0247-7

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